SEC Widens Insider Trading Case Against FDA Chemist
In March, the SEC accused Cheng Yi Liang of trading on nonpublic information just before 27 FDA announcements regarding drug applications beginning in July 2006. An amended complaint filed on Thursday added another drug to the list — Horizant, a restless leg syndrome treatment developed by XenoPort Inc.
“Liang abused his position of trust with...
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