News FocusConsulting

Expert Firms Play a Hidden Role in Connecting Science and Finance

Science  11 Jan 2013:
Vol. 339, Issue 6116, pp. 137-139
DOI: 10.1126/science.339.6116.137

You are currently viewing the summary.

View Full Text

Via your Institution

Log in through your institution

Log in through your institution


Colleagues of University of Michigan neurologist Sidney Gilman were shocked when the U.S. government revealed a massive insider trading scheme that was based on his conversations with a hedge fund analyst. The two men were brought together by a so-called expert network firm, and according to documents in the U.S. district court in New York, the analyst generated ill-gotten gains through stock trades based on confidential information he gained from Gilman about the results of a clinical trial for a new Alzheimer's drug. The case is the latest in a string of high-profile prosecutions that have focused attention on this little-known world of so-called expert network firms. To find out how such expert network firms operate, and why a researcher would participate, Science interviewed one firm's top-rated experts in health care.