Food and Beverage
Calif. Biotech Exec Convicted Of Marketing Fraud
The FDA has approved the drug to treat immune system disorder and a bone disease.
"Mr. Harkonen lied to the public about the results of a clinical trial and offered false hope to people stricken with a deadly disease," FBI Special Agent in Charge Stephanie Douglas said in a statement. Wire fraud carries a maximum penalty of 20 years in prison and $250,000 fine. Harkonen was InterMune's chief executive from 1998 until 2003. The Brisbane-based company agreed in October 2006 to a nearly $37 million settlement with the government.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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|---|---|---|---|---|
| 12,393.45 | 1,310.33 | 2,827.34 | 15.81 |
Oil *
101.78
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26.41 |
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2.99 |
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10.02 |
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0.44 |
10 Yr
1.58%
SPDR Gold
151.62
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-0.21%
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-0.23%
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-0.35%
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-2.71%
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