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ImClone SEC charges coming

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Executive Summary

The Securities & Exchange Commission is "considering recommending" civil action against ImClone for its description of a refuse-to-file letter for the oncologic agent Erbitux, company says June 19. ImClone can respond in writing under "Wells notice" process before SEC staff makes formal recommendation. The notice comes a week after former ImClone CEO Samuel Waksal was charged with insider trading, and the House Energy & Commerce/Oversight Subcommittee held a hearing on the review of the agent....

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This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

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