BioCentury
ARTICLE | Company News

Management tracks: PolarityTE, Medivir

September 10, 2018 11:21 PM UTC

Regenerative biomaterial company PolarityTE Inc. (NASDAQ:COOL) terminated Chief Investment Officer and EVP John Stetson on Friday after the Securities and Exchanges Commission filed charges against him alleging his involvement in "pump-and-dump" schemes (see "Opko's Frost Among Those Charged in 'Pump-and-Dump' Schemes").

The SEC named Stetson and nine other individuals and associated entities as participants in schemes against three de-identified microcap companies. PolarityTE said it is not among the three companies and none of the others charged in the filing have any relationship with PolarityTE. Stetson had been with PolarityTE since 2015; the SEC filing said illegal activities from the group were ongoing between 2013 and 2018...