Martin Shkreli ‘pharma bro no more,’ ordered to pay $64.6 million to victims of price gouging and is banned from drug industry

Published by
New York Daily News

NEW YORK — Imprisoned “Pharma Bro” Martin Shkreli was banned for life from the pharmaceutical industry and ordered to return to victims $64.6 million of the profit he made by jacking up the price of a life-saving drug, a federal judge ordered Friday. The Federal Trade Commission and seven states, including New York, sued in January 2020 accusing Vyera Pharmaceuticals — formerly Shkreli’s company Turing — of increasing the price of Daraprim by more than 4,000% from $17.50 to $750 a pill. Shkreli and Vyera sought to thwart competition in an illegal scheme to maintain Daraprim’s high profits, Man…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *