November 14, 2018 / 12:30 AM / a month ago

Ex-Merrimack Pharmaceuticals employee gets prison for insider trading

A former Merrimack Pharmaceuticals Inc employee was sentenced on Tuesday to six months in prison after being convicted of participating in an insider trading scheme with a friend at a rival biopharmaceutical company.

Songjiang Wang, 54, Merrimack’s former director of statistical programming, was sentenced by U.S. District Judge Indira Talwani in Boston. A federal jury in July had found him guilty of conspiracy and securities fraud charges.

To read the full story on Westlaw Practitioner Insights, click here: bit.ly/2DjTPSF

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