Two California doctors became the latest to prove that trading on insider information does not pay, and in fact, results in great losses.
The Securities and Exchange Commission (SEC) on 19 May asserted that Drs Franklin Chu and Daniel Lama were privy to the fact the FDA in February 2012 was placing a clinical hold on the Phase II studies of GTx's Capesaris (GTx-758), an experimental non-steroidal selective estrogen