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Disgraced “pharma bro” Martin Shkreli must pay back $64 million in profits and is banned from working in the pharmaceutical industry ever again, a federal judge ruled Friday, according to The Associated Press.
But what many Twitter users are noting is how New York Attorney General Letitia James announced the ruling ― by quoting a line from “C.R.E.A.M. (Cash Rules Everything Around Me),” a 1994 track by legendary hip-hop group the Wu-Tang Clan.
When Shkreli was CEO of Turing Pharmaceuticals — later Vyera — the company jacked up the price of Daraprim from $13.50 to $750 per pill after obtaining exclusive rights to the decades-old drug in 2015.
Daraprim treats a rare parasitic disease that strikes pregnant women, cancer patients and AIDS patients. Shkreli defended the decision as capitalism at work even as the move sparked outrage from all quarters.
Shkreli 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.
#BREAKING: Martin Shkreli is a 'Pharma Bro' no more. A court found that the former Vyera Pharma CEO illegally monopolized the market of the life-saving drug Daraprim.— NY AG James (@NewYorkStateAG) January 14, 2022
The powerful don’t get to make their own rules, despite Shkreli thinking cash rules everything around him.
Shkreli will now pay $64 million and will be banned from the pharmaceutical industry for life.— NY AG James (@NewYorkStateAG) January 14, 2022
New Yorkers can trust that my office will do everything possible to hold the powerful accountable, in addition to fighting to protect their health and their wallets
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