KaloBios Pharmaceuticals, the company that recently fired Martin Shkreli, America’s worst Wu-Tang fan, is filing for bankruptcy.
On Tuesday, the drug company threw up its hands and “listed both its assets and liabilities in the range of $1 million to $10 million” for bankruptcy in the District of Delaware, according to Reuters.
KaloBios was also recently delisted from the Nasdaq. Two of its lead executives, Tom Fernandez and Marek Biestekhad, quit in the wake of Shkreli’s arrest for alleged securities fraud. This marks a swift fall for Shkreli, who was just named CEO of KaloBios in November. Life comes at you fast.
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Image via AP.