martin-shkreli,-who-had-multiplied-by-55-the-price-of-a-drug,-ordered-to-return-64-million-dollars

Martin Shkreli, who had multiplied by 55 the price of a drug, ordered to return 64 million dollars

The affair had earned him the title of the most hated man in America. The “pharma bro” Martin Shkreli, who had multiplied by 55 the price of a drug used to treat toxoplasmosis in 2015, was sentenced on Friday to return 55,6 million dollars in profits made through speculation deemed illegal under antitrust laws. He is also banned for life from any position in the pharmaceutical industry.

According to a New York judge, Shkreli, by buying the exclusive rights in the United States for daraprim (trade name pyrimethamine) then increasing the price of a tablet from 13,5 to 750 dollars, abused its dominant position, in particular by blocking the arrival of generics.

The sum must be returned to several States which had lodged a complaint and who will be responsible for compensating the victims.

Upcoming release

The bad boy of Wall Street, who had notably drawn the wrath of Hillary Clinton during the 2016 campaign, had also distinguished himself by buying out exclusively a Wu-Tang Can album never released for 2 million dollars. He was then suspended by Twitter for harassing a journalist.

Above all, Martin Shkreli was sentenced to 7 years in prison in 2018 for bank fraud in another case. He could be eligible for parole next November.

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