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BioWorld - Saturday, February 28, 2026
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Home » Insider trading settled over profits from Audentes/Astellas merger
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Insider trading settled over profits from Audentes/Astellas merger

March 14, 2023
A California man agreed to settle insider trading charges related to Tokyo-based Astellas Pharma Inc.’s buyout offer of San Francisco-based Audentes Therapeutics Inc. in December 2019 for $3 billion. Mahmoud Abdelkader’s wife worked for Audentes and allegedly determined from “facts he learned from his wife, that there was a high likelihood of Audentes being acquired,” the SEC’s complaint said.
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