Convicted “Pharma Bro” Martin Shkreli has been ordered to return $64 million in profits his company made by inflating the price of a life-saving drug, a federal judge in New York ruled on Friday.
Shkreli, who is currently serving a seven-year prison sentence for securities fraud after he was convicted in 2017, is also barred from ever working in the pharmaceutical industry again.
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Todo sobre Shkreli, Daraprim y Turing Pharmaceuticals en PHARMACOSERÍAS
US District Judge Denise Cote handed down the ruling on Friday, ending a weeks-long civil lawsuit brought against Shkreli by the Federal Trade Commission and seven states.
Shkreli, who is currently behind bars at a low-security federal prison in Allenwood, Pennsylvania, became one of the most-hated executives in America.
In 2015, Shkreli’s company, Turing Pharmaceuticals, acquired the rights to Daraprim, a life-saving drug that is used to treat infections that occur in patients suffering from cancer and AIDS.
Turing, which is now known as Vyera, then raised the price of the drug from $13.50 per pill to $750 per pill.
According to court papers, Shkreli said at the time that the move “should be a very handsome investment for all of us.”
He defended the decision as capitalism at work and said insurance and other programs ensure that people who need Daraprim would ultimately get it.
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