U.S. District Judge Denise L. Cote wrote that the one-time "Pharma Bro" violated state and federal laws in exerting monopoly power over Daraprim, which is used to treat parasitic infections and HIV. (Photo: Diego M. Radzinschi/ALM)
A New York federal judge on Friday ordered Martin Shkreli to pay nearly $65 million and banned the disgraced former executive from ever working in the pharmaceutical industry again, siding with Attorney General Letitia James in a high-profile lawsuit stemming from his move to dramatically raise the price of a life-saving drug in 2015.
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Tom McParland
Tom McParland of New York Law Journal can be contacted at [email protected]. Follow him on Twitter @TMcParlandALM.
