San Diego Biotech Founder Charged with Insider Trading in $3.5 Billion Sale

Federal prosecutors brought insider trading charges against the founder and former chief executive of Auspex Pharmaceuticals, accusing him of providing illegal tips to friends and family as Teva Pharmaceutical Industries prepared to buy his company in a $3.5 billion transaction. Sepehr Sarshar was accused on Tuesday of misappropriating material nonpublic information from San Diego-based Auspex […]