FDA, SEC link up on false statements to public.

From: Warning Letter Bulletin | Date: March 8, 2004 | Copyright information

Dear Reader,

FDA and the Securities and Exchange Com-mission have developed a closer partnership, whereby FDA will provide SEC with information about potential false and misleading statements about drugs, devices and other agency-regulated products.

The effort appears to have been spearheaded by the Martha Stewart-ImClone insider trading case. In that matter, ImClone's former top executives concealed the fact from investors that FDA would not be approving its...