Biotech Insider Traded On $3.5B Novartis Deal, Feds Say

By Elliot Weld · May 23, 2025, 5:25 PM EDT

A former board member at Chinook Therapeutics orchestrated an insider-trading scheme after learning about Novartis' plans to purchase the biotech company for $3.5 billion in 2023, according to an indictment announced...

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Case Information

Case Title

USA v. HAGHIGHAT

Case Number

2:25-mj-10123

Court

New Jersey

Nature of Suit

Date Filed

April 28, 2025