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Indicted republican congressman Chris Collins has performed a U-turn since his arrest on Wednesday under allegations of insider trading, confirming he would be terminating his bid for re-election to the US House of Representatives.
A Republican Congressman has been arrested by the FBI over on charges of insider trading with shares in Australian biopharmaceutical firm Innate Immunotherapeutics, a company for which he serves as a board member.
Republican Congressman Chris Collins has been charged with securities fraud. The case relates to a failed multiple sclerosis trial that precipitated a 92% drop in the stock price of Australian biotech Innate Immunotherapeutics.
Earlier this month, I shared a quick rundown of the dangers of drug importation. As it turns out, I’m not the only one who has concerns about some of the drug importation initiatives being considered on Capitol Hill.