KaloBios Pharmaceuticals

Investor Sued Former Martin Shkreli's Pharmaceutical Company for $5.4 Million

Investors sue KaloBios Pharmaceuticals Inc. to return $5.4 million of their investment. The investors were brought in by Martin Shkreli. KaloBios Pharmaceuticals Inc. filed for bankruptcy in late December.

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Turing Pharmaceuticals Won't Cut Price of Daraprim

Turing Pharmaceuticals said that it won't cut the list price of the drug. However, it will negotiate discount price with hospital. Last September, Turing Pharmaceuticals raised the price of live-saving drugs, Daraprim by more than fifty times.

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