PHARMA BRO BIZ BATTLE

Shake-up looms

“Pharma Bro” Martin Shkreli just got out of prison, but the battle over his scandal-scarred company is still raging.

Last June, a group of activist investors seeking to wrest control of Shkreli’s pharmaceutical firm Turing failed — with the 39-yearold fraudster voting his shares from prison.

Since then, Turing has continued to bleed cash and now appears to be on the verge of going under, according to activist investor Jason Aryeh and Ron Tilles, a former Turing chairman and interim CEO, who together are looking to shake up the company’s board at a Friday shareholder meeting.

“They are left with just $23 million in cash, down from $50 million last quarter — no idea what they’re doing,” Aryeh told The Post. “They burned through $27 million — where did it go?”

Nevertheless, Aryeh and Tilles admit their proxy battle is still far from a sure bet. Turing’s parent company, Phoenixus, now renamed Vyera, has told the activist investors that Shkreli can no longer vote his shares, as he’s been banned from the industry by the feds. But current directors could still issue themselves new shares and win the battle, according to Aryeh.

Old cronies

Shkreli previously held 44% of the company. The activist investors say they aren’t sure what percent of shares the board members have now. Aryeh adds that the board appears to still be packed with Shkreli’s cronies who may do whatever he wants.

“It all comes down to a handful of institutional shareholders,” Aryeh told The Post. “They need to vote Martin’s cronies out and thus end his embarrassing and massively overstated influence on the perception of the lifesaving pharmaceutical industry.”

Officials at Vyera didn’t respond to a request for comment.

Shkreli rose to notoriety after he hiked the price of lifesaving AIDS treatment Daraprim to $750 a pill from $17.50 after obtaining the exclusive rights to it in 2015.

Shkreli was released early from prison after being sentenced to a seven-year sentence through 2023 for securities fraud he committed while running two hedge funds.