Word: biotechs
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Dates: during 2000-2009
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...friendship was over, however, by the time Pasternak, 50, delivered some of the most damaging testimony yet against Stewart in her trial for allegedly lying to the feds about why she dumped stock of biotech firm ImClone Systems in late 2001. When the two were staying at a luxury resort in Mexico in the days after Stewart sold her shares, Pasternak testified, Stewart confided that she had got rid of them because she knew that ImClone CEO Sam Waksal, their mutual friend, and his daughters had tried to dump their stock. "Isn't it nice to have brokers who tell...
...DeCode Genetics, an Icelandic biotech firm, announced last week that it is launching a pilot study to test whether an anti-inflammatory drug that was under development for use in treating asthma might work to prevent heart attacks...
...University, announced that they had created more than 200 embryos by cloning mature human cells and had grown 30 of them to the blastocyst stage of development, each more than 100 cells strong. This isn't the first time cloned human embryos have been produced: in 2001 the Massachusetts biotech firm Advanced Cell Technology made several. They all died quickly, but in a sense the first cloned human cells are actually old news...
After a shaky start, the government made strong headway last week in its attempt to prove that Stewart sold shares in the biotech firm ImClone Systems on the basis of privileged information and then lied to federal investigators about why she sold when she did. Faneuil is the government's key witness and his testimony could ultimately lay low the high priestess of housewares...
...morning of Dec. 27, 2001. Bacanovic, 41, was on vacation in Florida, and Faneuil had been left to man the office phones. He fielded a series of calls from family members of ImClone CEO Sam Waksal, also a Bacanovic client. They were eager to unload their shares in the biotech firm. Flustered, Faneuil called Bacanovic. When Faneuil told his boss about the Waksals, Bacanovic blurted out, "Oh, my God! Get Martha on the phone." Faneuil said he took this to mean his boss wanted to warn his prize client to sell her ImClone shares. But Bacanovic was only able...