NASDAQ Affirms Trading Halt on KaloBios Pharma (KBIO)
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The Nasdaq Stock Market® (Nasdaq: NDAQ) announced that trading was halted today in KaloBios Pharmaceuticals, Inc. (Nasdaq: KBIO) at 06:48:07 Eastern Time for "additional information requested" from the company at a last price of $23.59.
Trading will remain halted until KaloBios Pharmaceuticals, Inc. has fully satisfied Nasdaq’s request for additional information.
The halt occurred following this morning's arrest of CEO Martin Shkreli following allegations of securities fraud.
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