STAT+: Martin Shkreli is ordered to pay $64 million and is banned from the pharma industry for life

“Pharma bro” Martin Shkreli was ordered to pay $64 million in profits and was banned for life from the pharmaceutical industry for an infamous episode several years ago in which his company purchased an old, life-saving medicine and then boosted the price by 4,000% overnight.

The decision follows a trial last month in which Shkreli, a former hedge fund manager who quickly became reviled for his smug responses to an outraged public, was accused by a group of federal and state authorities for stifling competition. Also last month, his former company settled the same charges by agreeing to pay $40 million, and his former business partner, Kevin Mulleady, was banned from the industry for seven years.

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