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Benzinga
Benzinga
Business
Adam Eckert

'Murder-For-Hire Conspiracy': Why Enochian Biosciences Stock Is Plunging

Serhat Gumrukcu Hindenburg Murder Hindenburg Research Nasdaq

Enochian Biosciences Inc (NASDAQ:ENOB) shares are trading lower Wednesday after Hindenburg Research issued a bearish report on the company.

Last week, federal prosecutors announced the arrest of two men being charged in a "murder-for-hire" conspiracy, which resulted in the death of Vermont resident Gregory Davis. Enochian co-founder Serhat Gumrukcu was one of two men charged with conspiring to use interstate commerce facilities in the commission of murder-for-hire.

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