ImClone Systems Incorporated with Samuel D. Waksal as President - Arrested and Charged

ImClone Systems Incorporated with Samuel D. Waksal as President - Arrested and Charged

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ImClone Systems Incorporated with Samuel D. Waksal as President - Arrested and Charged

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Beautifully engraved certificate from the ImClone Systems Incorporated. This historic document was printed by the Security-Columbian United States Banknote Company and has an ornate border around it with a vignette of the company logo. This item has the printed signatures of the Company’s President ( Samuel D. Waksal ) and Secretary.
Certificate Vignette June 12, 2002: 10:16 AM EDT NEW YORK - Samuel Waksal, the former chief executive officer of ImClone Systems Inc. who hobnobbed with Mick Jagger and Martha Stewart, was arrested Wednesday on charges of insider trading. Waksal was arrested at 6:30 a.m. ET at his Manhattan home, a Waksal spokesperson according to CNN. Several people associated with Waksal and ImClone -- including Waksal's friend, home-decorating guru Martha Stewart -- have been scrutinized by federal investigators for selling large amounts of ImClone stock in late December 2001, just days before the Food and Drug Administration formally refused to approve ImClone's anti-cancer drub Erbitux. ImClone Systems officials learned that the FDA might not accept the biotech firm's application to market anti-cancer drug Erbitux three days before the agency formally informed the company of the news on Dec. 28, according to a report in The Wall Street Journal. Between the time company officials learned of the possible FDA action and the time the agency actually notified the company of its decision, several relatives of top executives as well as media entrepreneur Martha Stewart, a friend of ex-CEO Samuel Waksal, sold ImClone stock, according to the report. June 04, 2002 18:31 ImClone Systems Makes Statement Concerning Congressional Committee Hearing NEW YORK--(BUSINESS WIRE)--June 4, 2002--ImClone Systems Incorporated (NASDAQ: IMCL) today confirmed that The House Energy and Commerce Subcommittee on Oversight and Investigations has scheduled a hearing for next Thursday, June 13, 2002 regarding the development of ImClone Systems' colorectal cancer drug known as ERBITUX(TM), an investigational drug being studied by the Company. As previously announced, ImClone Systems continues to work closely with, and cooperate fully with, the Subcommittee in the course of its inquiry. ImClone Systems welcomes any opportunity to discuss with the public the clinical development of ERBITUX. May 22, 2002 16:50 ImClone Systems Announces Executive Changes NEW YORK--(BUSINESS WIRE)--May 22, 2002--ImClone Systems Incorporated (NASDAQ:IMCL) Samuel D. Waksal, Ph.D., Resigns as President, CEO and Director ImClone Systems Incorporated is committed to advancing oncology care by developing a portfolio of targeted biologic treatments, designed to address the medical needs of patients with a variety of cancers. The Company's three programs include growth factor blockers, cancer vaccines and angiogenesis inhibitors. ImClone Systems' strategy is to become a fully integrated biopharmaceutical company, taking its development programs from the research stage to the market. ImClone Systems is headquartered in New York with additional administration and manufacturing facilities in Somerville, New Jersey.

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