NYU Medical School Doesn’t Plan To Return Martin Shkreli Donation
The professorship named for Shkreli — the result of a donation from Shkreli that was not publicized — is currently held by Howard Trachtman. Trachtman previously served as a consultant at Retrophin, where Shkreli was CEO.
Shkreli was arrested last week by the FBI and indicted for allegedly running a Ponzi-like scheme at Retrophin and his former hedge fund, MSMB. Shkreli was already much maligned for jacking up the price of a drug used by some cancer and AIDS patients by 5,000 percent.
After the arrest, a homeless charity said it would return a $15,000 donation from Shkreli. Hunter College High School in New York, under scrutiny for a $1 million donation from Shkreli, declined last week to say whether it would return the money. In October, Bernie Sanders (I-Vt.), a Democratic presidential candidate, refused Shkreli’s donation and instead gave it to a health clinic.
NYU’s medical school declined to say how much money Shkreli donated, when it was given or whether there were any stipulations attached. However, the school said that — despite the previous collaboration between Trachtman and Shkreli — it had no ethical concerns.
“The generous gift we received was provided to advance care and treatment for pediatric patients with kidney disease,” said spokeswoman Lisa Greiner. “We reviewed potential conflicts of interests at each step in the process, and there was no conflict when the gift was accepted. Should a review of the gift become necessary as the situation evolves, we will do so at that time.”
Trachtman, the current Martin Shkreli Professor of Pediatric Nephrology at the NYU —> Read More