KaloBios removes Shkreli as CEO

December 21, 2015 2:59 PM

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KaloBios removes Shkreli as CEO

Drugmaker KaloBios Pharmaceuticals Inc said it removed Martin Shkreli as chief executive on Dec. 17, the day he was arrested on charges of a securities fraud.

Shkreli, who stepped down as CEO of private drugmaker Turing Pharmaceuticals Inc, also resigned from KaloBios' board of directors.

Also read: Former Wells Fargo CEO Stumpf resigns from Chevron, Target board seats

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