Thursday, 22 August 2013

BioTech News Headlines - Yahoo! News: Former 'King of Biotech' settles with SEC

BioTech News Headlines - Yahoo! News
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Former 'King of Biotech' settles with SEC
Aug 23rd 2013, 00:18

By Bernard Vaughan NEW YORK (Reuters) - An investor formerly known as the "King of Biotech" has reached a settlement with the U.S. Securities and Exchange Commission over a market manipulation scheme, according to court documents filed on Thursday. David Blech, who earned the nickname as a founder of companies and a major investor in the biotechnology sector, agreed to pay $1.03 million in disgorgement and interest for the scheme. ...

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