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Old Jan 15, 2022, 06:28 AM   #1
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koralis
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Default Pharma-bro comeuppance

Skrelli finally had a judgement against him on this.


https://arstechnica.com/science/2022...me-pharma-ban/

Quote:
A federal court on Friday banned convicted fraudster Martin Shkreli from ever working in the pharmaceutical industry again in any capacity and ordered him to pay back $64.6 million in profits from his infamous scheme that raised the price of the life-saving drug Daraprim more than 4,000 percent.

...

In Cote's ruling Friday, she concluded that Shkreli "was the mastermind of [Vyera's] illegal conduct and the person principally responsible for it throughout the years." His lifetime ban and the order to pay $64.6 million in disgorgement "serves the interests of justice," she wrote.
...
“But Americans can rest easy because Martin Shkreli is a pharma bro no more… The rich and powerful don’t get to play by their own set of rules, so it seems that cash doesn’t rule everything around Mr. Shkreli," Attorney General James continued.

Friday's ruling follows a settlement announced last month in which Vyera and its parent company, Phoenixus, agreed to pay up to $40 million to victims of the Daraprim scheme. The settlement also required the companies to make Daraprim available to competitors at cost and barred them from entering into any similar scheme for 10 years. Mulleady was banned from the pharmaceutical industry for seven years.
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Old Jan 15, 2022, 06:39 AM   #2
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This is great news. I would just like to see the rest of the pharma landscape be forced to comply with some price limits as well. I doubt that will happen in America, but I can dream.
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Old Jan 15, 2022, 07:34 AM   #3
Payne3d
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i mean isn’t that what they all do anyway? bro must have pissed off someone higher up the food chain…if they were being consistent all of them would serve jail time and forced to never work in the pharmaceutical industry again.
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