Big Pharma + Big Failure = Big Punishment

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Rarely do you see a Big Pharma member worth tens of billions sell off dramatically, but Bristol-Myers Squibb was down more than 8% today. Insider-trading allegations have hit the company, but the real anchor on share prices is the halt of a phase 3 trial for an important drug because of safety concnerns. Find out which drug it was and where Bristol goes from here by watching the video.

Getting a drug approved for Big Pharma or small biotechs like Arena Pharmaceuticals is a tremendous challenge often filled with setbacks. While the future looks bright for Arena, there are still plenty of obstacles ahead. In our brand-new premium research report on Arena Pharmaceuticals, we walk investors through the must-know opportunities and threats facing the company. Since key news can develop quickly, we're also including a full year of updates for those who sign up. Click here now to learn more.

David Williamson holds no position in any company mentioned. Click here to see his holdings and a short bio. Motley Fool newsletter services have recommended buying shares of Gilead Sciences and Vertex Pharmaceuticals. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. Try any of our Foolish newsletter services free for 30 days. The Motley Fool has a disclosure policy.

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