Hit with shareholder lawsuits and a tumbling stock price, Elan Corp. plc said the Securities and Exchange Commission has begun a probe into the Dublin, Ireland-based firm’s accounting practices and analysts predicted regulators will keep a closer eye on bookkeeping across the board. (BioWorld Today)
If there's one thing for sure in biotechnology, it's uncertainty. And volatility, occasionally tilting into chaos. And hysteria, practically at the drop of a hat. (BioWorld Financial Watch)
Any day now. Almost. That is, any day now, the creakingly slow mode of the FDA and what seems to be its increased willingness to delay approvals might get fixed, or be on its way to getting fixed. (BioWorld Financial Watch)
As accusations many of them contained in lawsuit papers filed by shareholders fly right and left in the ImClone Systems Inc. imbroglio related to Erbitux (cetuximab), bystanders are trying to sort out what happened. (BioWorld Financial Watch)