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SAC's Cohen trying to unload stake in Kadmon Pharmaceuticals

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(Globalpost/GlobalPost)

BOSTON (Reuters) - SAC Capital Advisors' founder Steven A. Cohen is trying to sell his stake in privately held Kadmon Pharmaceuticals, a person familiar with the matter said on Thursday.

Kadmon was founded by Sam Waksal, who served a five year prison term for insider stock trading. Cohen invested $30 million in the company.

A spokesman for Kadmon declined to comment. A spokesman for Cohen declined to comment.

(Reporting by Svea Herbst-Bayliss, editing by Richard Valdmanis)

http://www.globalpost.com/dispatch/news/thomson-reuters/131017/sacs-cohen-trying-unload-stake-kadmon-pharmaceuticals