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The Short-Seller Who Started a Biotech Firm Gets Ousted by His Board

Martin Shkreli in New York in 2011
Martin Shkreli in New York in 2011Photograph by Paul Taggart/Bloomberg

Not long ago we profiled a controversial young biotech short-seller who flipped and took the ultimate long position—starting his own publicly traded company and becoming its chief executive. The question about Martin Shkreli, 31, was whether after making a name for himself betting on biotech stocks to fall, he had undergone a conversion or was using his knowledge to game the biotech field.

After a rocky few months marked by erratic public statements from Shkreli, his board of directors at Retrophin, an orphan-disease drug maker, apparently got antsy. On Tuesday, the board abruptly fired him.