hope is brewing in the laboratories of imclone systems. imclone was my biotech company.t was a company that's making great cancer drugs like erbitux. erbitux, it had a lot of potential. and as a result, the stock really popped. do you think that this can be $1 billion drug? i do indeed. martha felt like it was a vote of confidence in her friend that she was a shareholder in the company. that drug is a good drug. it's saving lives. it will save lives. it's a cure for cancer. the company was applying to the food and drug administration to get approval for that drug. so the stock price of imclone depended very, very much on what the fda would determine. we statistically had proven that our drug worked. the erbitux process was one that had a hiccup. sam had learned that the fda, in late 2001, was not going to allow imclone to file an application to get erbitux approved. for investors, that's really negative news. and he knew the stock was going to take a tumble. there is one stock on the nasdaq really getting knocked around here today. imclone systems is tumbling more than $