Martin Shkreli ordered to return $89.6 million in profits

must return $89.6 million in profits he and his former company reaped from raising the price of the life-saving drug Daraprim, a federal judge ruled on Friday while also barring the provocative, imprisoned ex-CEO from participating in the pharmaceutical industry for the rest of his life.District Judge Denise Cote's ruling came several weeks after a seven-day bench trial in December.

Mr Shkreli was CEO of Turing Pharmaceuticals, later Vyera, when it jacked up the price of Daraprim from $18.73 to $1040 per pill, after obtaining exclusive rights to the decades-old drug in 2015.He defended the decision as capitalism at work and said insurance and other programs ensured that people who need Daraprim would ultimately get it.

He resigned as Turing’s CEO in 2015, a day after he was arrested on securities fraud charges related to hedge funds he ran before getting into the pharmaceuticals industry.Vyera Pharmaceuticals LLC was sued in federal court in New York by the FTC and seven states: New York, California, Illinois, North Carolina, Ohio, Pennsylvania and Virginia.

Hope this eventually happens to Phizer Moderna J&j and Aztrazenca

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