Prosecutor Nicolas Roos says Lewis would be released on $300 million bond secured by his yacht, named the Aviva, and private aircraft. Two of Lewis' pilots, Patrick O'Connor and Bryan Waugh, also pleaded not guilty to related insider trading charges, after being accused of making millions of dollars in illegal profit from Lewis' tips. After Mirati announced the positive results, its share price increased 16.7% in one day, and both pilots repaid Lewis for his loans. Story continuesIn wiring Lewis the repayment, Waugh indicated the money was a "loan payback for MRTX." Separately on Wednesday, the U.S. Securities and Exchange Commission filed a civil insider trading case against Lewis, O'Connor, Waugh and Lewis' former girlfriend Carolyn Carter.

Source: Forbes July 26, 2023 18:57 UTC