Nader Pourhassan, CytoDyn CEO (Photo by Jeff Kravitz/FilmMagic for CytoDyn’s Pro)
CytoDyn faces DOJ, SEC subpoenas after promoting failed Covid-19 drug
The little, PR-happy drug company publicly called out by the FDA is now getting attention from both the SEC and the Department of Justice.
CytoDyn, a one-time penny stock that has gained both money and notoriety for aggressively pushing an old HIV drug as a treatment for Covid-19, disclosed in a regulatory filing Friday the SEC and DOJ have separately subpoenaed the company and “certain of its executives” as part of investigations into the company’s promotion and marketing practices.
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