Amylin execs purportedly lied to investors... Surprised?!

From here.

In a damning disclosure, an FDA official charges that Amylin Pharmaceuticals concealed a study that raised heart safety concerns about its Byetta diabetes drug and then hindered agency access to the data when it was discovered, TheStreet reports, citing newly released FDA documents. And later, Amylin execs purportedly lied to investors by failing to disclose that the Byetta study played a key role in an agency decision to reject the Bydureon follow-up treatment.

The Bydureon review and approval was a “long and complicated process, in part due to Amylin’s withholding of information on Byetta that FDA deemed to be important to its evaluation of the safety and effectiveness of Bydureon,” according to a January 2012 memo written by Mary Parks, division director of the FDA office that is responsible for diabetes drugs, TheStreet writes in its expose.

Well, I have found in this story only one very interesting issue namely that Byetta and Bydureon have definite cardiac toxicity. The fact that some pharmaceutical company is not behaving ehtical and try to lie – is it strange and worth of our attention? It should be expected!