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Pastimes : Rage Against the Machine -- Ignore unavailable to you. Want to Upgrade?


To: James Calladine who wrote (371)6/10/2002 9:49:58 AM
From: James CalladineRespond to of 1296
 
JUST "good manners" TO SHARE WITH YOUR FRIENDS, RIGHT?

ImClone Had Early Word on FDA Rejection of Erbitux

WASHINGTON -- ImClone Systems (NasdaqNM: IMCL - News) Inc. (IMCL) officials learned the Food and Drug Administration might turn away the company's application for its promising and financially vital cancer drug Erbitux three days before the agency on Dec. 28 formally told the company the news, people close to the situation told The Wall Street Journal.

Between the time Harlan Waksal, then chief operating officer, learned of the possible FDA action and the time the agency actually notified the company of its action, several Waksal family members and a close friend of the former chief executive, Samuel Waksal, sold ImClone stock, these people say. That close friend, celebrity entrepreneur Martha Stewart, left a message for Samuel Waksal the day she sold her shares, although Ms. Stewart's representatives say the call came after she ordered the trade be made....