Overdosed America by John Abramson MD, page 9
Is it one Big Infomercial? Commercial Support of this Educational Meeting?
Financial ties between many of the most trusted medical experts and the medical industry.
And Bristol Myer Squibb can’t open Compassionate Drug use to the Critically Ill Patients.
Who is watching the Hen House? What happen to the code of ethics?
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In a related Story
FBI: Syracuse man downloaded Bristol-Myers Squibb's process for making cutting-edge cancer drug
By Douglass Dowty / The Post-Standard
February 04, 2010, 5:47PM
"When you marry the devil's daughter don't be surprised when your father-in-law comes to visit."
Syracuse, NY -- Among the trade secrets a Syracuse man took from Bristol-Myers Squibb were steps to produce a multi-million dollar drug under development to treat a deadly form of cancer, FBI agents said.
Shalin Jhaveri, 29, was arrested Tuesday after a two-month investigation by the company and the FBI. He was living in an apartment on East Water Street in Hanover Square.
Jhaveri was in a management training program at Bristol’s East Syracuse facility, which develops cutting edge drugs known as biologics, federal authorities said. While there, he downloaded confidential procedures for biologics that he e-mailed to a potential business partner in his native India, prosecutors said.
Jhaveri’s ultimate goal was to start his own biopharmaceutical company, Cherish Bio Services, in India, according to court documents. His business partner was a potential investor who FBI agents recorded talking to Jhaveri on Jan. 25, court documents show.
During that conversation, Jhaveri told the partner he had set up a Gmail account and sent procedures for making “Anti-Human CD137 Monoclonal Antibody,” a biologics drug for patients with malignant melanoma. The rare skin cancer has no proven cure in its advanced stages.
Human CD137 (4-1BB) is expressed on activated T cells within 24-48 hours of activation.
That’s why the drug is a potential blockbuster for Bristol that could bring in $1 billion a year if it reaches mass production, said a stock analyst who monitors Bristol’s products. Right now, the drug is in early stages of clinical testing.
“It’s a big deal,” said Les Funtleyder, a health care strategist with Miller Tabak & Co. “If it were to succeed, it could be a blockbuster.”
He said biologics use animal cells to create pharmaceuticals, which cost a lot of money to produce and test. He estimated that Bristol could have spent up to $500 million developing this drug, BMS-663513, and others like it.
“It’s not easy to do,” he said. “It takes a lot of time and money.”
Bristol officials, who declined comment for this story, began tracking Jhaveri’s actions in December after finding documents on his work laptop that included an application to the government of India to start his own biopharmaceutical company, court records show. Computer specialists found Jhaveri had downloaded 45 gigabytes of information onto an external drive.
Soon afterward, authorities recorded a phone conversation Jhaveri had with the business partner from India. Their correspondence led to a meeting in Syracuse at the Renaissance Hotel on Tuesday, according to court documents.
There, Jhaveri showed the partner virtually all the “Standard Operating Procedure” documents kept at the East Syracuse facility, court records state. These included the trade secrets for the melanoma drug, among many others. All together, Jhaveri had 1,327 standard operating procedures, all of which were confidential, court records state.
An FBI agent confronted Jhaveri, who admitted to sending the confidential drug information and taking the standard operating procedures without authorization, court documents state.
Jhaveri, who holds a Ph.D. and was a former graduate research assistant at Cornell University, is currently in federal custody without bail. A detention hearing is scheduled for Monday in Syracuse.
As you can see, Bristol Meyer Squibb is infiltrated with corruption.