Enochian Biosciences, Inc.

Chow v. Enochian Biosciences Inc. et al., (Case No. 8:22-cv-01374), C.D. Cal.

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On May 25, 2022, the United State Attorney’s Office for the District of Vermont announced that two men had been charged in a murder for hire conspiracy resulting in the death of a Vermont resident. One of the two men charged is Dr. Serhat Gumrukcu, MD, PhD., who was previously listed as an inventor and co-founder of Enochian Biosciences, Inc. on the company’s website.

That afternoon, investment research firm, Hindenburg Research tweeted that it has “prepared a full report on Serhat Gumrukcu and his career as a lifelong con artist, which we are releasing next week...It is easily the most deranged story we have ever researched…”

Dr. Gumrukcu sold 253,493 shares of Enochian Biosciences stock on May 18, 2022, for a total value of over $2 million.

Shares of Enochian Biosciences stock dropped more than 35% in intraday trading on May 25, 2022.

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