Taiwan News
Date: 2016-04-25
By: George Liao, Taiwan News, Staff Writer

Academia Sinica President Wong Chi-huey, who has been listed as defendant in a corruption case, denied any wrongdoings during his talk with President Ma Ying-jeou on Monday morning and did not tender his resignation.

Academia Sinica is the highest academic institution in Taiwan.

Prosecutors have named Wong as a defendant for breach of trust in a case that involved OBI Pharma, a Taiwan biotech company which had acquired biomedical technology assets from Academia Sinica for developing a new drug for treatment of breast cancer.

Wong had bought OBI Pharma shares for his daughter in 2012 after Academia Sinica transferred its technology to OBI Pharma in 2010, but sold a large portion of the shares before the negative clinical trial results of OBI Pharma’s new drug were announced in Feb. 2016     [FULL  STORY].