Sidney Gilman, the 81-year-old former University of Michigan neurologist who claims he passed tips about clinical tests of an Alzheimer’s drug to SAC Capital Advisors fund manager Mathew Martoma, said he has 'holes' in his memory of a key meeting.
Bloomberg reports that Gilman, testifying for a third day in Martoma’s insider trading trial, told jurors that he only recently remembered many details of a July 19th, 2008, meeting during which the two men reviewed results of testing on the drug, bapineuzumab, 10 days before they were to be released publicly.
When originally asked about the meeting during the government’s investigation of Martoma, Gilman testified, he didn’t remember it.
'About two weeks ago I recalled what I related today,' Gilman testified near the end of his questioning by Assistant U.S. Attorney Arlo Devlin-Brown yesterday in federal court in Manhattan. 'There still remains some holes in my memory, though.'
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image: © Clyde Robinson