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Martin Shkreli's lifetime drug industry ban upheld
(www.yahoo.com)
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this post was submitted on 24 Jan 2024
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Seems like nobody went to Google to find out that the drug in question was never returned to previous price, or anywhere near.
https://www.drugs.com/price-guide/daraprim
Doesn’t matter, because generics were finally made available despite his efforts to prevent it and maintain a monopoly. They’re free to price it at whatever they want as long as they make it available to makers of generics to allow competition. Preventing that process and making excessive profits since they blocked alternatives, while making it difficult for patients to access who didn’t have enough insurance coverage, is the main reason he got such penalties.
That's all true but it's also important to not dismiss his drug company culpability in the whole thing. They would fire him, and attack him only because he at that point was massive PR problem, not for any kind of attempt at accepting responsibility. If he wasn't such a public asshole they would give him raise and bonuses, board membership, maybe even say he is on the way to be the CEO, he would be their favourite corporate jackass.
No one dismissed his drug company’s culpability in anything here. The company paid $40M of his penalties since it was, after all, his company.