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home / news releases / ENOB - Enochian BioSciences Co-founder Serhat Gumrukçu charged with serious crimes

ENOB - Enochian BioSciences Co-founder Serhat Gumrukçu charged with serious crimes

Enochian Biosciences Inc.
The shares of Enochian BioSciences (NASDAQ:ENOB) fell by ~30% during trading hours after the U.S. Department of Justice said Co-founder Serhat Gumrukçu has been arrested and charged with serious crimes. The company's board concluded after a review conducted post the arrest that there is no link between the criminal charges and any actions of the company. The board said the incident leading to the arrest occurred prior to the merger, and is completely unrelated to the company. "There has never been a formal role for Gumrukçu in the company and his remaining informal role as a scientific advisor has concluded," CEO Mark Dybul said. Greg Alton, former interim CEO and general counsel of Gilead Sciences, was appointed lead independent board member. Shares are trading +4.59% post-market. Source: Press Release

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Enochian BioSciences Co-founder Serhat Gumrukçu charged with serious crimes
Stock Information
Company Name: Enochian Biosciences Inc.
Stock Symbol: ENOB
Market: NASDAQ
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