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Martin Shkreli Banned for Life From Drug Industry, Ordered to Pay Nearly $65 Million

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Martin Shkreli, the so-called pharma bro embroiled in a drug-pricing scandal, was banned for life from the pharmaceutical industry on Friday after a federal court found that he engaged in illegal and monopolistic behavior

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Mr. Shkreli was also ordered to pay nearly $65 million in profits that he and his former company made from illegally boosting prices of the Daraprim drug. That figure is on top of the $40 million that Vyera Pharmaceuticals LLC, which Mr. Shkreli ran as chief executive when it was called Turing Pharmaceuticals AG, wasAn attorney for Mr. Shkreli didn’t immediately respond to a request for comment.

 

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I CALL OUT PFIZER MODERNA JOHNSON & JOHNSON FOR THEIR CURRENT CRIMES OF THE SAME. FBI

Pfizer should be banned too... Guess they have better lobbyists.

The pharmaceutical industry and all industries that purport copyright are monopolistic in general but what ever... $300+ for insulin in US where it's $70 in UK/Australia horrible people absolutely deplorable. Historically the people who discovered insulin sold it for $1.

They should do the same to Manchin’s daughter...

this guy

illegal and monopolistic behavior, isn't that the norm in the pharma industry?

Now do the Purdue family.

Now do the rest of them

Feel so bad for him, imagine a life without aspirin. Barred from drug stores, barred from Walmart, oh the absolute sorrow. 🙃

Beautiful.

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 /  🏆 98. in JP

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U.S. judge bars Martin Shkreli from drug industry, orders $64.6 million paymentWASHINGTON (Reuters) -A U.S. judge on Friday barred Martin Shkreli from the pharmaceutical industry for life and ordered him to pay $64.6 million after he famously raised the price of Daraprim and fought to block generic competitors. U.S. District Judge Denise Cote in Manhattan ruled after a trial where the U.S. Federal Trade Commission and seven states had accused Shkreli, the founder of Vyera Pharmaceuticals, of using illegal tactics to keep Daraprim rivals out of the market. Shkreli drew notoriety in 2015 after hiking Daraprim's price overnight to $750 per tablet from $17.50. So we can bar a private citizen from a private industry for the damage he caused to it and the people his decisions negatively affected but we cant bar a private citizen from public office for attempting to overthrow the government
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