KaloBios Pharmaceuticals, which filed for bankruptcy after the arrest of former CEO Martin Shkreli, hasn't given up on its efforts to buy a little-used drug in hopes of winning a coveted coupon for fast FDA review. When Shkreli still ran the company, it signed a deal to acquire a drug for Chagas disease, planning to secure FDA approval and, in the process, win itself a priority-review voucher that can shorten agency reviews from 10 months to 6 months. Those vouchers can be sold to any company at any price, and the most recent deal fetched $350 million. KaloBios ousted Shkreli after his December arrest on charges of securities fraud and filed for bankruptcy shortly afterward, but the company's remaining execs are still pushing to close the Chagas deal and keep the firm afloat, the Wall Street Journal reports. More
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