Convicted Pharma Fraudster Shkreli’s Companies File For Bankruptcy

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Vyera Pharmaceuticals, the company that Martin Shkreli founded and used to conduct a securities fraud that landed him in prison, filed for bankruptcy Wednesday.

Vyera, its Swiss parent company Phoenixus and several affiliates filed for protection in the U.S. Bankruptcy Court in Wilmington, Del. after the reputational harm from Mr. Shkreli’s fraud hampered them from opening bank accounts, commercializing products or raising capital, court papers say. A lawyer who has represented Mr. Shkreli didn’t immediately respond to a request…

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