Martin Shkreli is back in the crosshairs of the federal government for not staying out of pharma
Martin Shkreli made a name for himself for gouging the price of Daraprim by 4,000%, saying he should’ve raised it even higher, and then facing an expected backlash from both Congress and the courts over his greed. The result: a lifetime ban from the pharma industry and a $65 million fine.
Now, the Federal Trade Commission said today in a court filing in the southern district of New York that Shkreli is violating that ban by failing to pay his fine and by forming a new company, called “Druglike, Inc.,” which claims to be involved in “early stage drug discovery.”
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