Shkreli ordered to return $64M, is barred from drug industry
Martin Shkreli must return $64.6 million in profits he and his former company reaped from raising the price of the life-saving drug Daraprim, a federal judge ruled Friday while also barring the provocative, imprisoned ex-CEO from participating in the pharmaceutical industry for the rest of his life.
U.S. District Judge Denise Cote’s ruling came several weeks after a seven-day bench trial in December. The Federal Trade Commission and seven states brought the case in 2020 against the man dubbed “Pharma Bro” in the media.
Shkreli’s lawyer did not immediately respond to a request for comment.