Two Biotech CEOs Indicted on Securities Fraud Charges

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https://www.wsj.com/articles/two-biotech-ceos-indicted-on-securities-fraud-charges-11671575775

Former chief executive of CytoDyn and the CEO of a company that managed its clinical trials allegedly made fraudulent claims about experimental drug

Two biotechnology industry executives were indicted on criminal charges that they defrauded investors when making claims about an experimental drug, federal prosecutors said Tuesday.

A federal grand jury in Maryland handed up the indictments for Nader Pourhassan, the former chief executive of CytoDyn Inc., and Kazem Kazempour, whose company managed CytoDyn‘s clinical drug trials, the Justice Department said.

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