Dr. Phillip Frost, the biotech billionaire accused of playing a role in a pump-and-dump scam, has taken an interesting tack since the allegations came to light: If only the Securities and Exchange Commission had asked him ahead of time, this whole business could have been avoided.

But, according to the SEC’s rules, the commission was well within its rights to blindside the 81-year-old entrepreneur. And things could still get worse for Frost, who has denied the allegations, and for OPKO (OPK), the company he founded.

Unlock this article by subscribing to STAT Plus and enjoy your first 30 days free!

GET STARTED

What is it?

STAT Plus is a premium subscription that delivers daily market-moving biopharma coverage and in-depth science reporting from a team with decades of industry experience.

What's included?

  • Authoritative biopharma coverage and analysis, interviews with industry pioneers, policy analysis, and first looks at cutting edge laboratories and early stage research
  • Subscriber-only networking events and panel discussions across the country
  • Monthly subscriber-only live chats with our reporters and experts in the field
  • Discounted tickets to industry events and early-bird access to industry reports

Leave a Comment

Please enter your name.
Please enter a comment.

Sign up for our Daily Recap newsletter

A roundup of STAT’s top stories of the day in science and medicine

Privacy Policy