An article about Christie Smythe in Elle Magazine went viral over the weekend after it was revealed she upended her life and stability for one of the least-liked men in the world.Martin Shkreli became infamous, and earned the nickname"Pharma Bro," after he hiked the price of a potentially lifesaving antiparasitic medication in 2015. On Friday, a federal judge ruled he should pay $64 million for his actions.
The judge said Shkreli should pay the financial penalty, equivalent to the profits from his scheme, and receive a lifetime ban from participation in the pharmaceutical industry.
Through his tight control of the distribution of Daraprim, Shkreli prevented generic drug companies from getting access to the quantity of Daraprim they needed to conduct testing demanded by the Food and Drug Administration. Through exclusive supply agreements, Shkreli also blocked access to the two most important manufacturers of the active pharmaceutical ingredient for Daraprim.
Through these strategies, the judge said, Shkreli delayed the entry of generic competition for at least 18 months. Shkreli and his companies profited over $64 million from this scheme. “Envy, greed, lust, and hate, don’t just separate, but they obviously motivated Mr. Shkreli and his partner to illegally jack up the price of a life-saving drug as Americans’ lives hung in the balance,” said New York Attorney General Letitia James, whose office sued with several other attorneys general and the Federal Trade Commission.
His response is putting a wutang album for sale on ebay
He literally looks like a movie villain
what about the associated medical costs incurred by the people who needed that drug, once they could no longer afford said drug? the fines do not cover that. what about the loss of human life, too? this isn't enough. he should be entirely stripped of his assets.
Good. He was arrogant enough to think he would get away with this.
who does he return the profits to?
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