Corbus Pharmaceuticals Board Member To Sell Shares In Planned Trading
Portfolio Pulse from Javier Hasse
Dr. Yong Ben, a board member of Corbus Pharmaceuticals (NASDAQ: CRBP), has adopted a Rule 10b5-1 trading plan to sell up to 10,607 shares of the company's stock. This plan, effective from September 12, 2024, to September 11, 2025, aims to avoid insider trading accusations. Corbus focuses on developing therapies for inflammatory and fibrotic diseases, with its lead product candidate, lenabasum, currently in clinical trials.
June 17, 2024 | 5:37 pm
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Dr. Yong Ben, a board member of Corbus Pharmaceuticals, has adopted a Rule 10b5-1 trading plan to sell up to 10,607 shares. This move aims to avoid insider trading accusations and reflects a structured approach to personal financial management.
The adoption of a Rule 10b5-1 trading plan by a board member is a standard practice to avoid insider trading accusations. While it reflects good governance and ethical trading practices, it does not directly impact the company's operational performance or financial health in the short term.
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