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The Cell Game: Sam Waksal's Fast Money and False
Promises--and the Fate of ImClone's Cancer Drug
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The Cell Game: Sam Waksal's Fast Money and False
Promises--and the Fate of ImClone's Cancer Drug
BOOK DETAIL
File Size: 1265 KB Print Length: 444 pages Publisher: HarperCollins e-books (October 13, 2009)
Publication Date: October 13, 2009 Sold by: HarperCollins Publishers Language: English ASIN:
B000ROKXT2 Text-to-Speech: Enabled
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Book Description
"It began with a promising cancer drug, the brainchild of a gifted researcher, and grew into an
insider trading scandal that ensnared one of America's most successful women. The story of
ImClone Systems and its "miracle" cancer drug, Erbitux, is the quintessential business saga of the
late 1990s. It's the story of big money and cutting-edgescience, celebrity, greed, and slipshod
business practices; the story of biotech hype and hope and every kind of excess. At the center of it
all stands a single, enigmatic figure named Sam Waksal. A brilliant, mercurial, and desperate-tobe-liked
entrepreneur, Waksal was addicted to the trappings of wealth and fame that accrued to a
darling of the stock market and the overheated atmosphere of biotech IPOs. At the height of his
stardom, Waksal hobnobbed with Martha Stewart in New York and Carl Icahn in the Hamptons,
hosted parties at his fabulous art-filled loft, and was a fixture in the gossip columns. He promised
that Erbitux would "change oncology," and would soon be making $1 billion a year. But as
Waksal partied late into the night, desperate cancer patients languished, waiting for his drug to
come to market. When the FDA withheld approval of Erbitux, the charming scientist who had
always stayed just one step ahead of bankruptcy panicked and desperately tried to cash in his
stock before the bad news hit Wall Street. Waksal is now in jail, the first of the Enron-era whitecollar
criminals to be sentenced. Yet his cancer drug has proved more durable than his evanescent
profits. Erbitux remains promising, the leading example of a new way to fight cancer, and patients
and investors hope it will be available soon.

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