• FDA Debars Former CDER Employee for Participation in Insider Trading Scheme

    Former US Food and Drug Administration (FDA) chemist Cheng Yi Liang almost certainly won't be finding work in the life sciences sector once he gets out of prison for profiting from the information he learned as an employee within FDA's Center for Drug Evaluation and Research (CDER). Background Liang worked as a chemist at FDA, where investigators said he had broad access to its Documents Archiving, Reporting and Regulatory Tracking Systems (DAARTS), which the agency use...
  • Chemist Sentenced to Prison for Insider Information

    A chemist formerly employed by the US Food and Drug Administration (FDA) was sentenced 5 March to five years in prison after using insider information to earn $3.78 million , reports Bloomberg . The chemist, Cheng Yi Liang, formerly of FDA's Center for Drug Evaluation and Research (CDER), pled guilty last year to one count of securities fraud and one count of making false statements. According to court document, Liang used his position inside FDA to make trades based...