Before a biotech stock debacle, one Republican congressman made a prescient trade
Rep. John Culberson made a prescient sale to avoid losses when a tiny biotech's stock tanked. The stock was a favorite of several GOP representatives.
A biotech stock meltdown last week led to huge paper losses for several congressional Republicans who had bought into the tiny company. But one politician-turned-investor was spared. Turns out, he had sold his shares just two weeks before news of a negative clinical trial decimated the company’s value.
Rep. John Culberson of Houston was among a half dozen House Republicans to invest in Innate Immunotherapeutics,
