KaloBios Pharmaceuticals

KaloBios (KBIO) Surge Continues As Firm Names Martin Shkreli As New CEO

KaloBios Pharmaceuticals announced late Thursday that former hedge fund manager Martin Shkreli has become its chief executive officer and chairman after he led a group of investors to buy 70% of the drug developer’s outstanding shares, or as DealBreaker so eloquently put it  " Desperate Pharmaceutical Company Hits Rock Bottom, Names Martin Shkreli CEO"-  The South San Francisco-based company said Shkreli will work with KalioBios’ senior management team to ensure its continued operations.

Shkreli’s majority stake in KaloBios . . .

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