Martin Shkreli Barred From Drug Industry and Must Repay $64.6 Million

January 18, 2022

Martin Shkreli, the former pharmaceutical executive best known for unapologetically raising the price of an old drug, must pay $64.6 million and will be barred for life from the drug industry for violating antitrust law in connection with that medicine, a federal court ordered on Friday . Mr. Shkreli is serving a seven-year prison sentence for defrauding investors related to his work running two hedge funds. That conviction is unrelated to the drug pricing saga that elevated him to notoriety.

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2022-01-14 21:30:15

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