Biotech Values

[DewDiligence]

...a survey of nearly 1,000 Wall Street analysts found that two-thirds have accepted favors from the companies they follow—everything from career advice to reference letters for admissions into private clubs.

Analysts who accept such favors generally deny that their integrity has been compromised—yet are twice as likely to maintain their rating after an earnings shortfall by a company that provided them with favors.

From an op-ed piece on insider trading in Saturday’s WSJ (http://online.wsj.com/article/SB10001424052748704530204576236922024758718.html ).