When These New Pharma Bros Show Up, Drug Prices Tend to Go Monumentally Higher

April 6, 2018, 5:30 PM UTC

For at least the past three years, Todd Smith and Benjamin Bove have crisscrossed the U.S., offering a sure-fire fix for struggling pharmaceutical companies. And wherever they go, the price of prescription drugs tends to skyrocket.

While Martin Shkreli, nicknamed Pharma Bro, became notorious for sharply — and unapologetically — increasing drug prices, Smith and Bove have quietly plied their trade helping to kick-start drug company sales.

The Chicago-based duo has played important roles at no fewer than four companies that have raised prices on life-saving and other drugs by as much as 4,116 percent.

Their strategy is simple and, ...

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