South San Francisco Newswire
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Genentech said late Tuesday the Food and Drug Administration has approved its Tecentriq immunotherapy medicine for the treatment of certain types of lung cancer. Tecentriq may treat lung cancer by working with the immune system and targeting a protein. Comment?
Martin Shkreli has sold his remaining stake in KaloBios Pharmaceuticals Inc., severing his ties with the company he once led as the small drugmaker seeks to distance itself from its former chief executive. Shkreli made the disclosure in a regulatory filing on Monday, reporting to regulators that he sold all shares held by him last week in private transactions, and as a result ceased to be a KaloBios shareholder. Comment?
KaloBios Pharmaceuticals on Thursday said it had reached an agreement with ousted Chief Executive Martin Shkreli to limit his shareholder rights, a week after the rare disease drugmaker said it had emerged from bankruptcy. Shkreli, who now holds less than 14% of the South San Francisco-based biotech firm's shares according to the company, was arrested in December on securities-fraud charges unrelated to KaloBios. Comment?
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