Biotech Values

[OakesCS]

think this might have a temporary off-setting effect on stock price?

http://www.bloomberg.com/news/2011-03-18/bristol-myers-bribed-doctors-in-drug-scheme-california-commissioner-says.html

Bristol-Myers Bribed Doctors in Drug Scheme, California Commissioner Says
By Steven Church and Edvard Pettersson - Mar 18, 2011 3:56 PM ET

Bristol-Myers Squibb Co. (BMY) bribed doctors to prescribe the pharmaceutical company’s drugs, according to a whistle-blower lawsuit being pursued by the California insurance commissioner.

Commissioner Dave Jones said at a press conference today in Los Angeles that the drugmaker’s sales people in California provided physicians with trips to basketball camps and other kickbacks to boost prescriptions of its drugs, including Plavix and Pravachol. The lawsuit is the largest health-insurance fraud case pursued by a California agency, Jones said....