Episode 64
Biotech Hangout
00:00
The Pros and Cons of Prometheus and Roy Van
Pro publica looked at millions of transactions based on tax records, focusing on trades that preceded a major stock movement and then seeing whether those trades could have been made based on material, non public information. This follows an SEC case in 2021 when for the first time SEC accused an executive of using confidential information from his own company to trade in a competitor stock. For example, Heng made a $1.25 million in profit from buying $8 million in shares of Clovis oncology three days before his company announced the acquisition of buyer Meran. Chris: I think everybody's a little surprised that they name names, right? Mikey: There's just too many ways that the
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