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Rep. Chris Collins (R-NY) remains invested in the company at the center of a scandal that led to his indictment and he recently introduced legislation that could help that company.

Collins was charged last week for allegedly giving nonpublic information on Innate Immunotherapeutics, where he was a board member while also serving in Congress, to his son.

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In July, Collins introduced a proposed bill that would remove infusion drugs (administered by needle) from a federal program called 340B that requires the pharmaceutical industry to sell drugs at steep discounts to hospitals serving poor patients. Many infusion drugs are used to treat deadly diseases like cancer and HIV and can costs tens or hundreds of thousands of dollars per year.

Continue reading:  Chris Collins, Indicted for Insider Trading, Wrote Bill That Could Help His Company

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