https://www.aljazeera.com/economy/2022/1/14/pharma-bro-shkreli-banned-for-life-from-pharma-industryMartin Shkreli, the convicted “Pharma Bro” who was brought down by a 2015 drug-pricing scandal, was ordered to pay $64 million in damages for monopolizing the market for a life-saving drug.Shkreli, the former chief executive officer of Vyera Pharmaceuticals LLC, was also banned for life from the pharmaceutical industry in the antitrust ruling Friday by U.S. District Judge Denise Cote in Manhattan.New York Attorney General Letitia James, who filed the suit with six other states and the U.S. Federal Trade Commission, said in a statement that Shkreli was motivated by “envy” and “greed” when he decided to “illegally jack up the price of a life-saving drug as Americans’ lives hung in the balance.”https://twitter.com/NewYorkStateAG/status/1482064562622980100?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1482064562622980100%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.aljazeera.com%2Feconomy%2F2022%2F1%2F14%2Fpharma-bro-shkreli-banned-for-life-from-pharma-industryShkreli is already serving a seven-year sentence for securities fraud committed while running two hedge funds, though the same drug – Daraprim – is at the center of both cases.Vyera, then known as Turing Pharmaceuticals, was launched by Shkreli in 2015. That’s when he acquired Daraprim, a once-affordable anti-infective used to treat a sometimes-deadly parasitic infection, from the only existing supplier. Shkreli then raised the price from $17.50 to $750 per tablet.Cote found that Shkreli made illegal agreements with generic drug makers to delay introduction of cheaper versions of the drug after he jacked up the price.
“Shkreli does not dispute that it was his intention to impede generic pharmaceutical companies from launching competitive products that would threaten the price of Daraprim,” the judge wrote. “The plaintiffs have shown that the restraints Vyera implemented succeeded in doing just that.”Last month, Vyera and another former chief executive officer, Kevin Mulleady, agreed to pay as much as $40 million to resolve their involvement in the federal antitrust lawsuit filed by New York and other states.
The bad news is there are probably dozens of guys just like Shkreli who won't ever get caught price fixing vital drugs.
>>990608This, and they'll get away with it because conservatives cling to their failed 'free market' meme and won't allow for life saving regulations.
>>990609>This, and they'll get away with it because conservatives cling to their failed 'free market' meme and won't allow for life saving regulations.This sadly.
>>990609>have intellectual property laws>have copyright laws>have massive prices that act as barriers to entry>"you guise! The free market has clearly failed us!"What a retarded faggot. Fucking kill yourself already
>>990614It was Repugs who put those in place.
>>990609Kill yourself you uneducated moron
>>990616>Has no argument so he just tells him to kill himselfThe morally bankrupt RNC everyone.
>>990617Your ignorance speaks for itself
>>990619Should I add braindead to the list? Because I still see no counter argument to what the other guy said.
Legitimately good news.Also the two faggots above me are two faggots who don't deserve the (You)s. Go roleplay Deliverance with each other you pair of tards, you've already got the "squeal like a pig" part down-pat.
>>990609keeping generics out of the market isn't free market, retard
>>990606What a fucking cunt that guy is.
>>990624You sound well adjusted
>>990651Yes, being sick of bipartisan retards filling every discussion with screeching about American politics is possibly the only sign of well-adjustment left in society.Nobody cares about your politics Amerilards.
>>990667Who are you quoting?
Ok guys, just so you know both major parties love capitalism and love free marketeering. The most reasonable post here is:>>990667>Yes, being sick of bipartisan retards filling every discussion with screeching about American politics is possibly the only sign of well-adjustment left in society.PS: I am amused that he was too evil for the pharmaceutical industry, an industry which has more criminal convictions than... the American mafia.
>>990606lol. that joo forgot to share with the temple..
>>990608>The bad news isWTF dudeThis is Big pharma's model.Pharma Bro got fucked because he's small taters.Purdue got a relatively small fine, while a po' colored man gets life for dealin'.
>>990609This is the opposite of free market
>For-profit healthcare is a good thingThis will end badly with the deaths of millions of people and the bankruptcy of millions more.
>>990606>Americans’ lives hung in the balance.does anyone really care. Most of the world would celebrate
He did nothing wrong.