How Martha Stewart Changed FDA

Lifestyle guru and TV personality Martha Stewart's involvement in insider trading of ImClone stock indirectly changed the way FDA reviews cancer drug applications.

Four years ago, if anyone said lifestyle guru and TV personality Martha Stewart would change the way cancer drugs were reviewed at FDA, you’d probably say they were crazy. But that’s exactly what happened. Although FDA’s oncology reviews and procedures haven’t been completely transformed due to the investigation surrounding ImClone Systems Inc. ’s colorectal cancer drug cetuximab (Erbitux), there has been a serious overhaul.

Stewart’s insider trading of ImClone shares is what made Erbitux a national event and what raised the stakes for all parties involved in the investigation. We all know that Stewart...

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