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Rina Torchinsky

'Pharma Bro' Martin Shkreli has been released from prison

Martin Shkreli Prison NPR

Martin Shkreli leaves after appearance on Capitol Hill in Washington before the House Committee on Oversight and Reform Committee, Feb. 4, 2016. (Susan Walsh/AP)

Martin Shkreli, a former pharmaceutical executive known for raising the price of a life-saving drug by 5,000%, was released from prison and transferred Wednesday to community confinement, the Federal Bureau of Prisons told NPR.

Community confinement refers to home confinement or a halfway house, according to the bureau's statement. Shkreli's projected release date from the Bureau of Prisons is Sept. 14.

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