The investigations resulted in two arrests last week: that of a German businessman working out of a garage near the city of Bochum and of a French pharmaceuticals trader.
Today's tickers: CBST, VIX, FSLR, HMY and M. Cubist Pharmaceuticals : Some traders expect shares of the biopharmaceutical company to appreciate by expiration next Friday.
In deals news, British pharmaceutical firm Shire finished up 5.0%, to 990 pence $$20.05), as traders swapped rumors that the American drug giant Pfizer was mulling a takeover bid.
With stock prices at historic lows and with patent issues restraining earnings and price appreciation, pharmaceutical stocks are excellent candidates to rent stocks to those traders bullish on the industry.
A hedge fund trader is at the centre of mounting controversy after the pharmaceutical company he bought raised overnight the cost of a life-saving treatment for people with Aids and weakened immune systems from $13.50 per pill to $750.
Omnicare : The geriatric pharmaceutical services firm popped up on our scanners today after one option trader purchased a put spread in the March contract.
FTSE 100 We have seen strong gains in pharmaceutical and tobacco stocks today, two sectors that usually benefit when traders are looking to move away from risky asset classes.
In deals news, British pharmaceutical firm Shire shot up 5.5%, to 995 pence $20.155), Friday morning, as traders swapped rumors that the American drug giant Pfizer was mulling a takeover bid.
The pharmaceutical sector hasn't done much recently to attract the attention of traders.
