Word: biotech
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...agree to any plea that required jail time. She walked into the downtown Manhattan courtroom to be charged, as her daughter Alexis, 37, waited quietly on a bench in the back. The nine-count indictment alleges that Stewart altered evidence that she traded on inside information about the biotech company ImClone Systems, conspired with her stockbroker to lie to federal officials investigating the trade and defrauded shareholders in her company, Martha Stewart Living Omnimedia, by misleading them about why she had sold the stock. Her perfunctory responses to Judge Miriam Cedarbaum's questions (Did she understand the charges...
...SENTENCED. Samuel Waksal, 55, former CEO of biotech firm ImClone Systems; to seven years in prison for insider trading and tax evasion; in New York City. Waksal, who pleaded guilty to all charges, was also ordered to pay $3 million in fines. He had tipped off family and friends to sell ImClone shares a day before the company announced that its application to market a cancer drug was rejected. Waksal's friend, American lifestyle icon Martha Stewart, who sold her ImClone stock before the announcement, has been charged with securities fraud and obstruction of justice...
...CHARGED. MARTHA STEWART, 61, American lifestyle icon; with securities fraud and obstruction of justice; in New York City. Stewart, founder of Martha Stewart Living Omnimedia, is also being prosecuted by the Securities and Exchange Commission for insider trading of shares in ImClone Systems a day before the biotech company announced that its application to market a cancer drug was rejected. She has pleaded not guilty to all charges for which she could face up to 30 years in prison...
Gabrieli cites a widely-quoted speech by Summers in which he proposed Boston as a Silicon Valley East for biotech research as evidence of Harvard’s influence among academics and businesspeople alike...
Over the past few years, two main scenarios have emerged for Harvard’s future campus in Allston. One involves moving a a cluster of professional schools, anchored by the Harvard Law School (HLS). The other involves building a science campus with possible tie-ins to biotech...