Appeals court upholds 'pharma bro' Martin Shkreli lifetime ban from drug industry

Martin Shkreli, former chief govt officer of Turing Pharmaceuticals AG, exits court in New York, US, on Wednesday, Oct. 4, 2023. 

Yuki Iwamura | Bloomberg | Getty Images

A federal appeals court on Tuesday upheld a lifetime ban on “Pharma bro” Martin Shkreli from working within the prescription drugs industry.

The ruling by a three-judge panel on the 2nd U.S. Circuit Court of Appeals got here two years after a federal decide slapped the ban on Shkreli for the monopolistic habits of his then-drug firm in promoting the treatment Daraprim.

The Federal Trade Commission and 7 states, amongst them New York and California, had sued Shkreli within the case.

Shkreli beforehand served a jail time period for federal securities fraud and different monetary crimes not associated to his controversial worth hike of Daraprim in 2015.

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