Martin Shkreli, the so-called pharma bro embroiled in a drug-pricing scandal, was banned for life from the pharmaceutical industry on Friday after a federal court found that he engaged in illegal and monopolistic behavior.

Mr. Shkreli was also ordered to pay nearly $65 million in profits that he and his former company made from illegally boosting prices of the Daraprim drug. That figure is on top of the $40 million that Vyera Pharmaceuticals LLC, which Mr. Shkreli ran as chief executive when it was called Turing Pharmaceuticals AG, was ordered to pay in December in a settlement with the Federal Trade Commission.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Layoffs Create Pitfalls for Executives Looking to Cut Costs

As some U.S. companies are turning to job cuts to reduce costs,…

Understanding Seeds and the Pandemic Seed Shortage

When the pandemic lockdowns began, Jennifer Jewell, a garden writer and podcaster,…

This woman wanted to die before her illness killed her. She finally got her wish.

Martha Sepúlveda, 51, finally got her wish. The devout Roman Catholic died…

The killings of 4 Muslim men across Albuquerque have devastated family and friends — and rattled a community

ALBUQUERQUE, N.M. — Sharief Hadi, a halal market and cafe owner, left…