Drug company taken over by Martin Shkreli seeks bankruptcy protection
by Associated Press from on (#Z5NQ)
Kalobios is second company with ties to Shkreli now in turmoil, following Turing, which raised the price of a life-saving drug 50-fold in September
Kalobios, the troubled drugmaker taken over by Martin Shkreli last month, is seeking bankruptcy protection less than two weeks after his arrest for securities fraud.
It is the second pharmaceutical company with ties to the former hedge fund manager now in turmoil following his indictment on charges unrelated to his involvement with them, though the drugmakers are not lacking for problems of their own.
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