UPDATE: Turing Pharmaceuticals names interim chief executive to replace Martin Shkreli

21 December 2015

KaloBios Pharmaceuticals (Nasdaq: KBIO) on Monday said that Martin Shkreli was terminated as chief executive officer of the compamy and resigned from his position as a member of the board of directors. In addition, Tony Chase resigned from his position as a member of the board of directors, the company announced in a statement.

Following the arrest of Turing Pharmaceuticals’ controversial chief executive Martin Shkreli, the company has named Ron Tilles as the interim replacement.

Mr Tilles, will take over as Turing's interim chief executive and will remain chairman of the company's board, a position he has held since its founding last year.

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