DR. SAMUEL WAKSAL is the President and Chief Executive Officer of
ImClone Systems Incorporated. Dr. Waksal spent the first part of his
career in academic medicine. From to , he was a member of the
faculty of Mt. Sinai School of Medicine as Associate Professor of
Pathology and Director of the Division of Immunotherapy within the
Department of Pathology. Dr. Waksal has served as visiting Investigator
of the National Cancer Institute, Immunology Branch, Research Associate
of the Department of Genetics, Stanford University Medical School,
Assistant Professor of Pathology at Tufts University School of Medicine
and Senior Scientist for the Tufts Cancer Research Center. Dr. Waksal
was a scholar of the Leukemia Society of America from to Dr.
Waksal has published over fifty articles and chapters in the field of
Immunology. He has also helped found several biopharmaceutical companies
including Medicis Pharmaceutical Corporation, Cadus Pharmaceutical
Corporation and Merlin Pharmaceutical Corporation. He sits on the boards
of Cadus Pharmaceutical, Tribeca Pharmaceutical Corporation, Prototek II
and Microbes Incorporated. Dr. Waksal currently serves as Chairman of
New York C
Patricia F. Fitzpatrick Dimond Ph.D. Technical Editor of Clinical OMICs President of BioInsight Communications
Former ImClone CEO has started a new firm, made three acquisitions including Three Rivers, and begun licensing.
On October 25, Kadmon Pharmaceuticals reported that it had bought Three Rivers Pharmaceuticals and that its treatments for hepatitis C infections and cancer would form the backbone of a new enterprise conceived of and headed by former ImClone Systems CEO, Sam Waksal, Ph.D.
If successful, Kadmon would resurrect Dr. Waksal’s storied career as a biotech entrepreneur. And his previous track record of bringing a significant anticancer drug that produced piles of money for its backers at ImClone won’t hurt, and potential profits may mitigate concerns about confabulation.
Kadmon has been in acquisition mode, having bought, to date, PhytoCeutica, Flux Therapeutics, and Three Rivers Pharmaceuticals. It also licensed an anticancer drug from Exelixis and an HCV therapy from Valeant Pharmaceuticals and says it has more deals in the works.
The various agreements are intended to put the company into play as a “fully integrated pharmaceutical company,” a cobweb-laden ph
Sam Waksal Helped Martha Stewart Do That Whole Insider Trader Thing — Where Is He Now?
"And I'm sorry that these events had to take place for me to learn that. But, at least I've learned it."
On Christmas day in , Sam Waksal learned that the FDA was rejecting ImClone Systems' application for the cancer drug Erbitux. As the founder and CEO of the biotech company, Waksal was panicking. He knew that once this went public, their stock would plummet. He immediately informed family and a few friends that they should start selling off their ImClone Systems stock.
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One of those friends was Martha Stewart, who ended up spending five months in a federal prison followed by house arrest, for insider trading. According to Forbes, in June Waksal was sentenced to 87 months in prison and was ordered to pay a $3 million fine.
He was out in , the same year "ImClone was sold to Eli Lilly for $ billion and five years after Erbitux eventually gained FDA approval," per CNBC. So, where is he now? Here's what we know.
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Where is Sam Waksal now? He's still working in the bio
Sam Waksal
Biography and Political Campaign Contributions
NATIONAL REPUBLICAN CONGRESSIONAL COMMITTEE Republican 07/01/ FRIENDS OF SENATOR CARL LEVIN Democrat 1, 08/09/ FRIENDS OF MAX BAUCUS Democrat 1, 06/24/ FRIENDS OF MAX BAUCUS Democrat 1, 01/25/ SCHUMER '98 Democrat 1, 12/20/ FRIENDS OF SENATOR CARL LEVIN Democrat 1, 08/17/ HILLPAC Democrat 2, 08/13/ HILLPAC Democrat 2, 08/08/ HILLPAC Democrat 5, 06/11/ NEW YORK STATE DEMOCRATIC COMMITTEE Democrat 5, 05/30/ DNC-NON-FEDERAL INDIVIDUAL Democrat 16, 11/16/ DNC SERVICES CORPORATION/DEMOCRATIC NATIONAL COMMITTEE Democrat 10, 11/01/ NEW YORK STATE DEMOCRATIC COMMITTEE Democrat 5, 10/13/ DNC SERVICES CORPORATION/DEMOCRATIC NATIONAL COMMITTEE Democrat , 05/04/ DNC SERVICES CORPORATION/DEMOCRATIC NATIONAL COMMITTEE Democrat 10, 03/31/ DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE Democrat 10, 03/01/ HILLARY RODHAM CLINTON FOR US SENATE COMMITTEE INC Democrat 1, 10/25/ HILLARY RODHAM CLINTON FOR US SENATE COMMITTEE INC Democrat 1, 07/20/ BILL BRADLEY FOR PRESIDENT INC Democrat 1, 05/06/ DNC-NON-FEDERAL INDIVIDUAL D
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Sam Waksal
Biography and Political Campaign Contributions
| NATIONAL REPUBLICAN CONGRESSIONAL COMMITTEE | Republican | 07/01/ | |
| FRIENDS OF SENATOR CARL LEVIN | Democrat | 1, | 08/09/ |
| FRIENDS OF MAX BAUCUS | Democrat | 1, | 06/24/ |
| FRIENDS OF MAX BAUCUS | Democrat | 1, | 01/25/ |
| SCHUMER '98 | Democrat | 1, | 12/20/ |
| FRIENDS OF SENATOR CARL LEVIN | Democrat | 1, | 08/17/ |
| HILLPAC | Democrat | 2, | 08/13/ |
| HILLPAC | Democrat | 2, | 08/08/ |
| HILLPAC | Democrat | 5, | 06/11/ |
| NEW YORK STATE DEMOCRATIC COMMITTEE | Democrat | 5, | 05/30/ |
| DNC-NON-FEDERAL INDIVIDUAL | Democrat | 16, | 11/16/ |
| DNC SERVICES CORPORATION/DEMOCRATIC NATIONAL COMMITTEE | Democrat | 10, | 11/01/ |
| NEW YORK STATE DEMOCRATIC COMMITTEE | Democrat | 5, | 10/13/ |
| DNC SERVICES CORPORATION/DEMOCRATIC NATIONAL COMMITTEE | Democrat | , | 05/04/ |
| DNC SERVICES CORPORATION/DEMOCRATIC NATIONAL COMMITTEE | Democrat | 10, | 03/31/ |
| DEMOCRATIC SENATORIAL CAMPAIGN COMMITTEE | Democrat | 10, | 03/01/ |
| HILLARY RODHAM CLINTON FOR US SENATE COMMITTEE INC | Democrat | 1, | 10/25/ |
| HILLARY RODHAM CLINTON FOR US SENATE COMMITTEE INC | Democrat | 1, | 07/20/ |
| BILL BRADLEY FOR PRESIDENT INC | Democrat | 1, | 05/06/ |
| DNC-NON-FEDERAL INDIVIDUAL | D
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