Martin Shkreli, former Chief Executive Officer of Turing Pharmaceuticals, appearing before the House Committee on Oversight and Government Reform during a hearing titled "Developments in the Prescription Drug Market," on February 4, 2016. Photo: Diego M. Radzinschi/ALM Shkreli Gets Lifetime Ban From Pharma Industry, Ordered to Pay $65M in Antitrust Case
U.S. District Judge Denise L. Cote wrote that the one-time "Pharma Bro" violated state and federal laws in exerting monopoly power over Daraprim, which is used to treat parasitic infections and HIV.
January 14, 2022 at 04:23 PM
3 minute read
Pharmaceuticals
A New York federal judge on Friday ordered Martin Shkreli to pay nearly $65 million and banned the disgraced former executive from ever working in the pharmaceutical industry again, siding with Attorney General Letitia James in a high-profile lawsuit stemming from his move to dramatically raise the price of a life-saving drug in 2015.
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