Big Pharma + Big Failure = Big Punishment
Aug 2nd 2012 8:52PM
Updated Aug 2nd 2012 8:56PM
Rarely do you see a Big Pharma member worth tens of billions sell off dramatically, but Bristol-Myers Squibb was down more than 8% today. Insider-trading allegations have hit the company, but the real anchor on share prices is the halt of a phase 3 trial for an important drug because of safety concnerns. Find out which drug it was and where Bristol goes from here by watching the video.
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The article Big Pharma + Big Failure = Big Punishment originally appeared on Fool.com.David Williamson holds no position in any company mentioned. Click here to see his holdings and a short bio. Motley Fool newsletter services have recommended buying shares of Gilead Sciences and Vertex Pharmaceuticals. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.
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