Thursday, October 06, 2005

Insider Drug Information

Investment Espionage has become one of America's latest growth industries. The Seattle Times is reporting that elite Wall Street Firms are paying millions to doctors who participate in research studies. This way they can beat the street and even the pharma company in determining whether a drug is passing or failing the testing process.
Thomas Newkirk a lawyer and former associate director of enforcement at the SEC had an interesting comment. "Its a good way to go to jail" Yet industry insiders say it happens all the time. Some doctors who make themselves available for these informal consultations earn in excess of an extra ten grand a year. Very easy money for medical superstars who already qualify as millionaires. Greed pure and simple.
Doctors who talk are clearly in breach of their confidentiality agreements with pharma companies. Doctors who talk are clear