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Episode 60

Biotech Hangout

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Immunometrics CFO Pleads Convicted to Securities Fraud

The CFO of immunometrics pleaded guilty to securities fraud. He tipped off his girlfriend about the company's successful phase three trial for Tredelvi. His girlfriend then sold, she bought 7,000 shares and then sold them and made a profit of 213,000. And now he faces a maximum sentence of 20 years in prison along with a $5 million fine.

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