Wednesday, June 03, 2009

Schering Plough - ENHANCE: the CafePharma evidence

A federal judge will allow anonymous postings on a raucous online forum to be remain in a lawsuit accusing Schering-Plough Corp.(SGP) of misleading investors about the results of a cholesterol-drug study.

Judge Dennis Cavanaugh of the U.S. District Court in New Jerseyon May 18 denied Schering-Plough's request to strike from the lawsuit comments posted on the Web site CafePharma.com, which suggest Schering insiders knew the study had failed well before the results were made public. He also denied Schering's request to exclude statements provided to plaintiffs from six anonymous former company employees.

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