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0.0032102728731942 0.0032102728731942 -0.00734349919743189 0.00280898876404486 -0.0325040128410916 -0.0321428571428572 -0.0589887640449439 -0.0577849117174961
Stock impact report

Former West Coast biotech CEO imprisoned for pocketing millions [Yahoo! Finance]

CYTODYN INC (CYDY) 
NASDAQ:AMEX Investor Relations: ir.cytodyn.com
Company Research Source: Yahoo! Finance
dollars, the United States Attorney's Office for the District of Maryland announced on Monday. According to court documents and news releases, 62-year-old Oregon resident Nader Pourhassan, who was once the CEO of CytoDyn, defrauded investors from 2018 to 2021 regarding the commercialization of CytoDyn's product, a monoclonal antibody called Leronlimab. According to the company , the antibody is intended to treat cancer, infectious diseases and autoimmune conditions. After making a series of fraudulent statements about Leronlimab's prospects and artificially inflating his personal stocks, Pourhassan ultimately swindled over $4 million, the release said. "Nader Pourhassan lied and schemed to selfishly line his own pockets," special agent Jimmy Paul said in the release. In April 2020, during the rise of the COVID-19 pandemic, Pourhassan publicly announced that CytoDyn had reached a critical milestone with the Food and Drug Administration when, in reality, the company's documentatio Show less Read more
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