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This Says Our Favorite Biotech Is Off to the Races

Shares of a promising biotech we recommended back in February 2013 – jumped as much as 27% to a three-month high of $14.20 yesterday after the company said a new cancer drug met its main goal in a midstage clinical trial.

Its shares backtracked a bit as the day progressed but still closed 17.6% higher for the session. These shares have advanced 361% since we first told you about them. The stock has generated a peak gain of 456%, making it one of the 31 recommendations we’ve made to you that have doubled or better since we launched Private Briefing in August 2011. (More on that later…)

  • Featured Story

    Mary Jo White: SEC Pick Compromised By Links to Wall Street

    Wall St. broken

    When President Barack Obama nominated Mary Jo White to be the next head of the SEC, he said he wanted someone who would be tough on Wall Street, but her past ties to many of the big banks will make that difficult, if not impossible.

    President Obama nominated White to be the next chairwoman of the Securities and Exchange Commission Thursday, emphasizing her storied background as a New York prosecutor in the 1990s.

    "She helped prosecute white-collar criminals and money launderers," the president said. "In the early 1990s, she brought down John Gotti, the head of the Gambino crime syndicate. You don't want to mess with Mary Jo."

    Getting less attention from President Obama was how White has spent the most recent decade - as a defense attorney for Debevoise & Plimpton LLP. There, she hasn't been going after Wall Street's transgressors - she's been defending them.

    Her former clients include former Bank of America (NYSE: BAC) CEO Ken Lewis, who was involved in a civil fraud suit over his company's acquisition of Merrill Lynch.

    White has also defended JPMorgan Chase (NYSE: JPM) in several cases related to the 2008 financial crisis and News Corp. (Nasdaq: NWS) in its phone-hacking scandal.

    White was a member of the legal team that helped Goldman Sachs (NYSE: GS) board member Rajat Gupta fight insider trading charges and has done work for Morgan Stanley (NYSE: MS).

    "[She's been] Wall Street's protector-in-chief," former SEC investigator Gary Aguirre told The Wall Street Journal.

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