Flashback - Tom Price: I Did Not Receive Stock Tips from Congressman Collins

‘What I believe I said to you was that I learned of the company from Congressman Collins’

[excerpt]

MURRAY: “Congressman Price in our meeting you informed me that you made these purchases based on conversation with Representative Collins, is that correct?”
PRICE: “No. What I — what I —“
MURRAY: “Well that is what you said to me in my office.”
PRICE: “What — what I believe I said to you was that I learned of the company from Congressman Collins.”
MURRAY: “What I recall our conversation was that you had a conversation with Collins and then decided to purchase the stock.”
PRICE: “No, that’s not correct.”
MURRAY: “Well that is what I remember you’re hearing and say in my office. In that conversation, did representative Collins tell you anything that be — could be considered quote, ‘a stock tip,’ yes or no?”
PRICE: “I don’t believe, so no.”
MURRAY: “Well, if — if you are telling me he gave you information about a company, you were offered shares in the company at prices not available to the public, you bought those shares, is that not a stock tip?”
PRICE: “That’s not what happened. What happened was that he mentioned, he — he talked about the company and the work that they were doing in trying to solve the challenge of progressive secondary multiple sclerosis, which is a very debilitating disease and one that I’ve had —“ [crosstalk]
MURRAY: “I’m well aware that, but —“
PRICE: “— the opportunity to treat patients when I was in practice.”
MURRAY: “I’m — I’m aware that —“
MURRAY: “I studied the company for a period of time and — and felt that it had some significant merit and promise and purchased the — the initial shares on the stock exchange itself.”

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