KaloBios Pharma (KBIO) Trading Halt Remains in Effect Despite CEO Firing Update

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KaloBios Pharmaceuticals, Inc. Announces Management Changes

December 21, 2015 9:33 AM EST

SOUTH SAN FRANCISCO, Calif., Dec. 21, 2015 /PRNewswire/ -- KaloBios Pharmaceuticals, Inc. (Nasdaq: KBIO), today announced that on December 17, 2015, Martin Shkreli was terminated as Chief Executive Officer of the Company and resigned from his position as a member of the board of directors. In addition, on December 17, 2015, Tony Chase resigned from his position as a member of the board of directors. 

Forward-Looking Statements

This release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management's current knowledge, assumptions, judgment and... More