Ex-biotech chief pleads guilty in college admissions scandal, faces a 10-month prison stretch in plea deal
The ex-CEO of Harmony Biosciences — as well as former board member for Biohaven — has agreed to plead guilty to two counts of mail fraud after getting caught up in the college admissions scandal.
Charged with paying Georgetown University’s former tennis coach more than $50,000 to get his daughter admitted to the university as a new recruit for the team, Bob Repella took the plea deal, which comes with a recommended sentence of 10 months in prison, with a year of supervised release and a $40,000 fine.
Ironically, Repella’s daughter got into Georgetown with good grades and remains a student at the university. In taking the plea, Repella apologized for the crime and said no one in his family, including his daughter, knew what he had done at the time.
Harmony markets a narcolepsy drug called Wakix (pitolisant), which is also being studied in additional trials. Repella left the Biohaven $BHVN board in January, a little more than a year after taking the post. He earned a compensation package worth $755,000 last year, on par for other board members.
The big spotlight in the case revolves around college admissions consultant William Singer, who allegedly helped dozens of parents bribe their kids’ way into college. Repella’s case, though, had nothing to do with that probe. Instead, the 61-year-old with an MBA from Temple was caught up in the dragnet that encircled the tennis coach.