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Drugmaker KaloBios Fires CEO Shkreli

A U.S. pharmaceutical company announced Monday it had terminated CEO Martin Shkreli in what is the latest fallout from his arrest last week on security fraud charges. KaloBios said Shkreli was fired on Thursday, the same day he was arrested and stepped down as CEO of another drugmaker, Turing Pharmaceuticals. He drew ire earlier this year when Turing bought a drug used by patients with AIDS and certain types of cancer and promptly raised its price from $13.50 to $700 per pill. The...

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