BALTIMORE, MD—Two CEOs were convicted by a federal jury in Maryland for a scheme to defraud investors about a drug being developed to treat HIV and COVID-19, according to the U.S. Department of Justice. Nader Pourhassan, 61, of Lake Oswego, Oregon, and Kazem Kazempour, 71, of Potomac, Maryland, were found guilty of the scheme involving CytoDyn Inc., a publicly traded […]
UPDATE: Both CEOs have been convicted. Original story below… BALTIMORE, MD—Two biotech company presidents have been indicted in Maryland in connection with a securities fraud scheme. A federal grand jury has returned an indictment charging Nader Pourhassan, 59 of Lake Oswego, Oregon, and Kazem Kazempour, 69, of Potomac Maryland, for their roles in schemes to defraud investors in CytoDyn Inc., […]
ANNAPOLIS, MD—Governor Larry Hogan on Tuesday declared a 30-day state of emergency to take urgent short-term actions to combat the current COVID-19 surge and mobilized 1,000 members of the Maryland National Guard to assist state and local health officials with the ongoing pandemic response. On Tuesday, Maryland hit a record high 3,057 COVID-19 hospitalizations, which is an increase of more […]
BALTIMORE, MD—The Maryland Department of Health on Friday announced that it is working with congregate care facilities, local health clinics, physicians, and pharmacies statewide to distribute the newly authorized antiviral medicines: Paxlovid and Molnupiravir. These prescription pill regimens are the first oral antiviral treatments given Emergency Use Authorization (EUA) by the U.S. Food and Drug Administration for adults who test […]
ANNAPOLIS, MD—Governor Larry Hogan this week announced new efforts to help Maryland nursing homes prepare for a winter surge of COVID-19. “We continue to work closely with our nursing homes to protect our most vulnerable residents against COVID-19,” said Governor Hogan. “Just as these facilities offer vaccines and booster shots, we want to make sure they are offering antibody treatments […]
ANNAPOLIS, MD—As the state surpassed 1,000 COVID-19 hospitalizations on Friday, Governor Larry Hogan announced a series of actions to ensure hospitals are prepared for current and future surges due to the convergence of the flu, and the Delta and Omicron variants. “Maryland has begun to see an uptick in our key health metrics, and we are increasingly concerned by the […]
ANNAPOLIS, MD—In response to widespread confusion over existing federal guidance, Governor Larry Hogan on Thursday announced the current status of COVID-19 booster shot eligibility in the State of Maryland, and strongly encouraged those Marylanders who are eligible to immediately get their booster shot. “If you are confused about boosters, you are not alone,” said Governor Hogan. “In spite of that, […]
ANNAPOLIS, MD—Governor Larry Hogan on Wednesday afternoon announced that the State of Maryland is immediately authorizing COVID-19 booster shots for all Marylanders 65 and older who are living in congregate care settings, including nursing homes, assisted living facilities, residential drug treatment centers, and developmentally disabled group homes. “For several weeks now, states have had to operate without clear guidance from […]