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| Martin Shkreli fired from drug firm KaloBios following arrest | Martin Shkreli fired from drug firm KaloBios following arrest |
| (about 17 hours later) | |
| Martin Shkreli has been fired as chief executive from the drug company KaloBios Pharmaceuticals. | Martin Shkreli has been fired as chief executive from the drug company KaloBios Pharmaceuticals. |
| It comes just days after his arrest by the FBI for securities fraud. | It comes just days after his arrest by the FBI for securities fraud. |
| In a short statement, the company said he had also stepped down voluntarily from the board. | In a short statement, the company said he had also stepped down voluntarily from the board. |
| Mr Shkreli, who came to prominence after his company raised the price of a lifesaving HIV drug by 5,000%, has pleaded not guilty to the fraud charges. | Mr Shkreli, who came to prominence after his company raised the price of a lifesaving HIV drug by 5,000%, has pleaded not guilty to the fraud charges. |
| He has already resigned as head of the company which made the drug, Turing Pharmaceuticals. | He has already resigned as head of the company which made the drug, Turing Pharmaceuticals. |
| The FBI has accused Mr Shkreli of using assets from his former company, Retrophin, to illegally pay off debts at MSMB, the hedge fund he managed. | The FBI has accused Mr Shkreli of using assets from his former company, Retrophin, to illegally pay off debts at MSMB, the hedge fund he managed. |
| He was released on $5m (£3.53m) bail. | He was released on $5m (£3.53m) bail. |
| Mr Shkreli has said his arrest was due to his decision to raise the price of Daraprim- a drug used to treat HIV. | |
| In September, Turing increased the price of a Damaprim pill from $13.50 to $750. | In September, Turing increased the price of a Damaprim pill from $13.50 to $750. |
| Mr Shkreli has defended his actions and been outspoken about his decision to raise the price on social media. | Mr Shkreli has defended his actions and been outspoken about his decision to raise the price on social media. |
| He told the Wall Street Journal that he felt the government was out to get him for "teasing people on the internet" and that his arrest was part of a "social experiment". | He told the Wall Street Journal that he felt the government was out to get him for "teasing people on the internet" and that his arrest was part of a "social experiment". |
| On Sunday his Twitter account was hacked and the name was changed to 'Martin the God'. | On Sunday his Twitter account was hacked and the name was changed to 'Martin the God'. |