Shkreli Plans to Raise Price of Chagas Drug

The medical community is reeling after Martin Shkreli suggested his new company, KaloBios Pharmaceuticals Inc., would drastically increase the price of a treatment for the deadly parasitic infection Chagas disease, which affects more than 300,000 Americans.

In a public conference call with investors last week, Shkreli gleefully announced the purchase of the Chagas treatment and said that he would price the drug, benznidazole, similarly to hepatitis C drugs.

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