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SEC Charges Former Pharmaceutical Executive and Close Friend With Insider Trading

2014-11-13 23:29:16| Biotech - Topix.net

The Securities and Exchange Commission recently charged a former pharmaceutical company executive and his longtime friend with insider trading, alleging that the friend generated more than $1 million in illicit profits by trading on tips from the former executive. Defendant Saran Sabrdaran was the former director of Drug Safety Risk Management at InterMune Inc., a public pharmaceutical company headquartered in California.

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Category:Biotechnology and Pharmaceuticals

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