Martin Shkreli must return $64.6 million in profits he and his former company reaped from raising the price of the life-saving drug Daraprim, a federal judge ruled Friday while also barring thefrom participating in the pharmaceutical industry for the rest of his life.
But the move sparked outrage from medical centers to Congress to the 2016 presidential campaign trail, where Hillary Clinton termed it price-gouging and future President Trump called Shkreli “a spoiled brat.” He resigned as Turing’s CEO in 2015, a day after he was arrested on securities fraud charges related to hedge funds he ran before getting into the pharmaceuticals industry.Vyera Pharmaceuticals LLC was sued in federal court in New York by the FTC and seven states: New York, California, Illinois, North Carolina, Ohio, Pennsylvania and Virginia.
Throw away the key!
シュクレリはアメリカで嫌われてる男の三本指に入る奴だな😇
Not enough. Is it possible to jail him for being a dushbag?
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'Pharma Bro' Martin Shkreli banned from pharmaceutical industry for life, ordered to pay $64.6MA federal judge has ordered Martin Shkreli to return $64.6 million in profits he and his company reaped from inflating the price of the life-saving drug Daraprim and barred him from participating in the pharmaceutical industry for the rest of his life.
Source: FOX4 - 🏆 289. / 63 Read more »
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
Source: YahooNews - 🏆 380. / 59 Read more »
Martin Shkreli Banned for Life From Drug Industry, Ordered to Pay Nearly $65 MillionMartin 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 Beautiful. illegal and monopolistic behavior, isn't that the norm in the pharma industry? Now do the Purdue family.
Source: WSJ - 🏆 98. / 63 Read more »
'Pharma bro no more': Martin Shkreli banned from pharmaceutical business for lifeDisgraced drug company executive Martin Shkreli, derided as the “Pharma Bro,” has been banned from ever doing business again in the pharmaceutical business. He's also got a grin on his face. He's the real Joker. And evil. Just like Congress and The Senate should be banned from buying stocks. After millions and millions and millions
Source: NBCNews - 🏆 10. / 86 Read more »