SFBC Parts With Miami Chief

SFBC (SFCC Quote), a company that tests drugs for others, has learned a little something about the safety and efficacy of its own operations.

In a nutshell, SFBC's early clinical trial business in Miami seemed to cause more harm than good. The company has by now started closing that once-lucrative business and, this week, severed ties with the remaining leader of that operation. Gregory Holmes, a board-certified pharmacologist who once lent some measure of credibility to the unit, has now followed his disgraced bosses out the door.

Holmes had technically been serving as president of corporate development for the entire company, but he had spent most of his time attempting -- in vain -- to turn the Miami division around. He was the last remaining holdover who, together with SFBC's ousted CEO and president, used to run the show before a Bloomberg expose raised grave safety concerns about the Miami division.

Baird analyst Eric Coldwell celebrated Holmes' exit on Tuesday. ...