KaloBios fires embattled pharmaceutical executive Shkreli

The allegations brought against him include using money from Retrophin, his first pharmaceutical company, to settle his debts related to his hedge fund and investors, and duping his investors in hedge funds.

In a separate incident, on Sunday, Martin Shkreli had lost control of his Twitter account to hackers, hours after he took to Twitter to plead his innocence, his spokesman said.

He’s being replaced on an interim basis by Ron Tilles, who has been chairman of Turing’s board of directors since the company was founded late past year.

He earned the moniker “pharma bro” for what saw as callousness after he dramatically raised the price of Daraprim.

Elsewhere in the interview, Shkreli also claims his arrest came because he had upset federal authorities when he controversially increased the price of Darapim, adding that he believes the American government had adopted a strategy of “trying to find anything we could to stop him”.

As Turing’s chief executive, Shkreli gained infamy and spurred a Congressional investigation into the rising price of prescription drugs, after jacking up the price of the drug Daraprim from $13.50 a pill to $750.

Martin Shkreli is brought out of 26 Federal Plaza by law enforcement officials after being arrested for securities fraud on December 17, 2015 in New York City. Trading will not resume until the company satisfied Nasdaq’s request for additional information, the exchange said in a statement. After stating he would lower the price of Daraprim, the drug that helps keep HIV victims alive, Shkreli decided he wouldn’t after all as soon as the media attention died down. The South San Francisco, California, company has been attempting to develop drugs to treat cancer and leukemia.

Martin Shkreli has been fired as chief executive from the drug company KaloBios Pharmaceuticals.

KaloBios also announced today that Tony Chase, who joined the board along with Shkreli back in November, has also resigned. Prosecutors say he ran a Ponzi-like scheme from 2009 to 2014 to pay investors he defrauded. “Willing to donate hundreds of thousands to charities before I go to prison”, and asking people to re-tweet a message for a chance to win the one-of-a-kind Wu-Tang Clan album that he notoriously paid $2 million for.