As alleged, by cultivating and corrupting a doctor with access to secret drug data, MathewMartoma and his hedge fund benefited from what might be the most lucrative inside tip of all time.
The SEC said in its complaint that Sidney Gillman, a doctor who moonlighted as a medical consultant, tipped CR Intrinsic portfolio manager MathewMartoma with safety data and eventually negative results in the trial of the drug made by drug firms Elan Corp. and Wyeth two weeks before they were made public in 2008.