answersLogoWhite

0

this is the drug she went to jail over (insider trading) she got inside/non-public info from Peter Bacanovic, who was her broker at Merrill Lynch; that the sales were going to drop due to an adverse drug event that the FDA was going to announce the next day. she sold all 3,928 shares of her ImClone Systems stock on December 27, 2001, the next day, the stock value fell 16%.

FYI its a cancer drug for head / neck/ or colorectal cancer. and you can also find info on this by looking up ImClone scandal. ImClone was the company that used to make it, but EliLily bought the company in 2008.

User Avatar

Wiki User

13y ago

What else can I help you with?