π2022
A federal court has ordered convicted pharmaceutical executive Martin Shkreli to return $64.6 million worth of profits he made from hiking the price of a lifesaving drug, New York Attorney General Letitia James announced Friday. The court also said the so-called "Pharma Bro" is banned for life from participating in the pharmaceutical industry.
πIn 2015, Shkreli's company Turing Pharmaceuticals β later renamed Vyera β bought the drug Daraprim, which was then the only drug approved by the Food and Drug Administration to treat a parasitic disease that occurs in some AIDS, malaria and cancer patients. Under Vyera, the lifesaving drug shot up in price by more than 4,000% overnight
πIn 2017, a jury found Shkreli guilty on two counts of securities fraud and one count of conspiracy to commit securities fraud..
https://www.msn.com/en-us/money/news/martin-shkreli-ordered-to-return-nearly-65-million/ar-AASNcEe?ocid=BingNews