A Weston cardiologist received a six-month prison sentence and will pay $500,000, after a jury found him guilty last year of trading stock in a life sciences company based on inside information he possessed. Dr. Edward J. Kosinski sold 40,000 shares of Regado Biosciences stock after receiving an advance alert that patients were having allergic reactions to a drug candidate that was in clinical trials, according to the office of John Durham, U.S. Attorney for the District of Connecticut. Shares dropped nearly 30 percent when the news was made public, with Kosinski sidestepping a $160,000 loss on the value of his Regado stock. Kosinski also netted a small gain in responding to the news that a patient died during clinical trials.
from Business https://www.ctpost.com/business/article/Weston-physician-gets-6-months-for-insider-trading-13258904.php
Subscribe to:
Post Comments (Atom)
Stratford to delay revaluation to next year, giving property owners a potential tax reprieve
Stratford homeowners will get a one-year reprieve on a potential increase in property taxes after town officials opted to delay the revaluat...
-
Two "Grey's Anatomy" actors and another parent filed a lawsuit after their elementary school-aged children ate cannabis-laced ...
-
A father-daughter duo recently opened 123 Pronto on Monroe Turnpike in Trumbull. The new business serves Italian cuisine in packaged, freshl...
-
STRATFORD - Police conducted an undercover internet prostitution sting arresting two alleged prostitutes and four alleged “Johns.” Erica Cal...
No comments:
Post a Comment