A Securities and Exchange Commission investigation found that consultant Hoau-Yan Wang, PhD, an associate professor at the City University of New York, manipulated the clinical trial data using unblinded information, creating a false impression of significant improvements in biomarkers related to Alzheimer’s.
In addition to financial penalties, Mr. Barber and Dr. Burns agreed to bars of three and five years, respectively, from serving as officers or directors. The settlements are pending court approval, and Dr. Wang faces a $50,000 penalty for his role.
