Former Shkreli-led drug developer pledges responsible pricing

(Reuters) – A biotechnology company, which was led by former drug executive Martin Shkreli, said on Monday it was making a commitment not to engage in aggressive pricing, and to develop a ‘transparent and responsible’ model for its products. KaloBios Pharmaceuticals Inc, which fired chief executive Shkreli last December following his arrest on charges of securities fraud, filed for Chapter 11 bankruptcy later that month. KaloBios named Shkreli as its CEO on Nov. 20, after Shkreli and a consortium of investors bought about 70 percent of its shares.
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