Buy custom Martha Stewart’s How-to on Insider Trading
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Business
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| Number of pages / Number of words: |
6 / 1416 |
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The last hurtle they had was to receive approval from the Food and Drug Administration (FDA). On October 31, 2001, ImClone submitted their final portion of their application for approval, called a Biologics License Application (BLA). Upon completion of turning in the final portion of the BLA, the FDA had 60 days (December 31, 2001) until it was required to decide whether to accept it or not for filling (Carlin 2003)...
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Upon completion of turning in the final portion of the BLA, the FDA had 60 days (December 31, 2001) until it was required to decide whether to accept it or not for filling (Carlin 2003). Stewart was aware of the new drug that was being developed and awaiting approval from the FDA. As the date of when the FDA would make its decision approached, investors awaited the news...
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