For­mer Im­munomedics CFO Us­ama Ma­lik in­dict­ed for al­leged­ly giv­ing ex-girl­friend in­sid­er in­fo

Le­gal trou­ble is mount­ing high­er for Us­ama Ma­lik, the for­mer Im­munomedics CFO ac­cused of shar­ing in­sid­er in­for­ma­tion with his then-girl­friend and a num­ber of rel­a­tives.

Ma­lik was in­dict­ed Wednes­day morn­ing on three counts of in­sid­er trad­ing, se­cu­ri­ties fraud and se­cu­ri­ties fraud con­spir­a­cy, the US De­part­ment of Jus­tice an­nounced.

The for­mer CFO spent near­ly four years at Im­munomedics, help­ing steer the com­pa­ny to a $21 bil­lion buy­out by Gilead back in 2020. The ink was bare­ly dry be­fore he jumped over to the helm at pre­ci­sion on­col­o­gy com­pa­ny Fore Bio — but that didn’t last long.

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