Biotech mogul Sam Waksal of Martha Stewart insider trading fame accused of testing illegal pig drug on child: lawsuit

Biotech mogul Sam Waksal – who landed in prison two decades ago over the ImClone insider trading scandal that also resulted in jail time for Martha Stewart – allegedly tested an illegal “swine drug” treatment on a child with epilepsy, according to a bombshell lawsuit.Waksal, who is not a medical doctor, imported the veterinary drug along with other “unapproved ingredients” from Colombia to treat a “severely ill” child whose mother worked for the company, according to the complaint filed this week in federal court in Manhattan.Waksal allegedly monitored the child’s response to the drug in an effort to develop a similar product for his former company, Equilibre Biopharmaceuticals, the lawsuit alleged.The alleged dosing took place over “a several month period” and came to light when an Equilibre whistleblower exposed the scheme in 2022, Neal Brickman, an attorney representing Equilibre, told The Post.The child’s health status is not known, according to Brickman.The whistleblower, who was an employee at the time, also accused Waksal of sexual harassment and of creating a hostile work environment, according to the complaint – though the lawsuit does not provide details.Waksal, now 77, famously sold off his ImClone shares in 2001 after he learned that the FDA would not approve the company’s cancer drug.He served five years in prison for securities fraud while Stewart served five months for lying about why she sold her ImClone shares before they tanked.Waksal declined to comment when reached this week, but he provided The Post with screenshots of text exchanges that he claimed were between himself and the mother of the child in 2022 after she learned about the investigation. “I hope they understand that we’re dealing with a dying child and you were being kind and compassionate,” the mother allegedly wrote.

“I fully understood the risks.”The Post was not able to independently confirm that the texts, which appeared to span a period fr...