
268: Biogen's sticky situation, Wegovy's risks, & biotech insider trading
The Readout Loud
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The Biotech News of Tottenham Hotspur
British billionaire Joe Lewis was charged with insider trading by federal prosecutors this week. He allegedly tipped off friends, girlfriends, pilots of his private, privately owned aircraft and gave them money to buy these stocks on material, non public information. The indictment is an interesting read because there is sort of like a classical form of insider trading where party one has insider information, use it to party two to trade on.
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