Embattled businessman Martin Shkreli has been ousted as CEO of KaloBios Pharmaceuticals (KBIO), the company said Monday, four days after federal authorities accused him of securities fraud involving other firms he controlled.
Advertisement
New Video Shows Odell Beckham Jr. Arguing With Panthers Player Holding Bat
Norman is a pretty aggressive defender, and may not have been as pure as the driven snow on Sunday either, particularly early on. Now, if Odell felt threatened, it’s not a matter if he felt threatened, it is just part of the information to the story .
Mr Shkreli became notorious earlier this year when a company he founded, Turing Pharmaceuticals, raised the price of a drug more than 55-fold.
China’s Warren Buffett Guo Guangchang Is MIA
Ironshore that was priced at US$ 464 million; and Portugal’s largest insurer, Caixa Seguros, which was bought for 1 billion euro. In August , the Fosun Group chairman was put under the spotlight when he was named in a corruption court case in Shanghai .
KaloBios’ stock was frozen after the Nasdaq requested additional information on Thursday, the exchange said in a statement the day of Shkreli’s arrest.
Judges hike rates for music streamers; Pandora shares jump
Unlike the newer services, Pandora does not let users select specific songs, limiting its functionality. The ruling affects many commercial radio stations that stream, as well as services like Pandora .
Martin Shkreli says he was arrested last week because he hiked the price of a life-saving drug by more then 5,000%, not because of financial misdeeds alleged in his federal indictments. Posts including “I am now a god”, “Anyone want free money?”
“‘Trying to find anything we could to stop him, ‘ was the attitude of the government”, Shkreli said, flanked by his lawyers in a midtown Manhattan conference room Sunday afternoon. “Willing to donate hundreds of thousands to charities before I go to prison…” On Monday, he and his attorneys finally regained control of the recently arrested ex-pharmaceutical C.E.O.’s Twitter account, after it was hacked and began sending, without context, messages all-too similar to things Shkreli might actually tweet.
Within a day of his arrest Shkreli was regularly spending hours live-streaming mundane aspects of his life on YouTube and posting tweets defending his business practices.
In a series of seven tweets, Shkreli’s account offered to give away money, raffle off Wu-Tang Clan’s one-of-a-kind secret album and told his followers he had “anal aids”.
The charges against Shkreli are unconnected with his management of either Turing or KaloBios.
KaloBios, which was planning to wind down, named Shkreli as its CEO on November 20, after Shkreli and a consortium of investors bought about 70 percent of the company’s shares. When word spread of the then-CEO’s arrest last week, the internet was predictably interested and invested in the well-being of the album, beyond the collective moment of schadenfreude after Martin Shkreli was arrested.
Advertisement
KaloBios, which has a market cap of less than United States dollars 100 million, hasn’t traded since last Thursday. Nasdaq spokesman Will Briganti said he could not offer further comment.
