IN RE TRANSKARYOTIC THERAPIES, INC. SEC. LITIG.

No. CIV.A. 03-10165-RWZ.

319 F.Supp.2d 152 (2004)

In re TRANSKARYOTIC THERAPIES, INC. SECURITIES LITIGATION.

United States District Court, D. Massachusetts.

May 26, 2004.


Attorney(s) appearing for the Case

Lauren Antonino, Chitwood & Harley, Atlanta, GA, Darren Check, Schiffrin & Barroway, LLP, Bala Cynwyd, PA, Brian M. Felgoise, Jenkintown, PA, Robert Finkel, Wolf Popper Wolf Ross & Jones, New York, NY, Paul J. Geller, Cauley, Geller, Bowman & Rudman LLP, Boca Raton, FL, Robert I. Harwood, Wechsler Harwood LLP, New York, NY, Marc S. Henzel, Bala Cynwyd, PA, Thomas Hutton, Shapiro, Haber & Urmy, LLP, Boston, MA, Fred Taylor Isquith, Wolf, Haldenstein, Adler, Freeman & Herz, New York, NY, Stephen G. Levy, Levy & Levy, PC, Stamford, CT, Sandy A. Liebhard, Bernstein, Liebhard & Lifshitz, LLP, New York, NY, David Pastor, Gilman and Pastor, LLP, Saugus, John C. Martland, Martland & Brooks LLP, Saugus, Charles J. Piven, Law Offices of Charles J. Piven, P.A, Baltimore, MD, Robert M. Roseman, Spector & Roseman, Philadelphia, PA, Anthony Vozzolo, Faruqi & Faruqi, New York, NY, Michael K. Yarnoff, Schiffrin & Barroway, LLP, Bala Cynwyd, PA, Steven J. Toll, Cohen, Milstein, Hausfeld and Toll, Washington, DC, Evan J. Smith, Brodsky & Smith LLC, Bala Cynwyd, PA, Thomas G. Shapiro, Shapiro Haber & Urmy LLP, Boston, MA, David Randell Scott, Scott & Scott LLC, Colchester, CT, for Plaintiffs.

Nancy F. Gans, Moulton & Gans, PC, Boston, MA, Theodore M. Hess-Mahan, Shapiro, Haber, & Urmy LLP, Boston, MA, Leslie R. Stern, Berman, DeValerio, Pease, Tabacco, Burt & Pucillo, Boston, MA, for movant.

Kimberly A. Bliss, Howard, Rice, Nemerovsky, Canady, Falk & Rabkin, San Francisco, MA, Michael G. Bongiorno, Wilmer, Cutler, Pickering, Hale and Dorr LLP, Boston, MA, Roberto M. Braceras, Goodwin Procter, LLP, Boston, MA, David M. Brodsky, Latham & Watkins, New York, NY, Michael A. Collora, Dwyer & Collora, LLP, Boston, MA, Michael K. Fee, Ropes & Gray LLP, Boston, MA, Richard W. Gonnello, Latham & Watkins, New York, NY, Sarah A. Good, Howard, Rice, Nemerovski, Canady, Falk & Rabkin, San Francisco, CA, David B. Hennes, Fried, Frank, Harris, Shriver & Jacobson, New York, NY, Colleen Dunham Henschke, Hale & Dorr, LLP, Boston, MA, Randall Dana Katz, Ropes & Gray LLP, Boston, MA, Miriam Kim, Goodwin Procter, LLP, Boston, MA, Eric D. Levin, Wilmer, Cutler, Pickering, Hale and Dorr LLP, Boston, MA, Kalama M. Lui-Kwan, Latham & Watkins, New York, NY, Douglas F. MacLean, Latham & Watkins, Newton, MA, Michelle D. Miller, Hale & Dorr, LLP, Boston, MA, Jeffrey B. Rudman, Hale and Dorr, LLP, Boston, MA, Anthony A. Scibelli, Scibelli and Whiteley, LLP, Boston, MA, Peter L. Simmons, Fried, Frank, Harris, Shriver & Jacobson, New York, NY, Laurie B. Smilan, Latham & Watkins, Reston, VA, Joseph L. Stanganelli, Scibelli & Whiteley, LLP, Boston, MA, for defendants.


MEMORANDUM OF DECISION AND ORDER

ZOBEL, District Judge.

Transkaryotic Therapies, Inc. ("TKT"), a publicly traded pharmaceutical company, developed a drug called Replagal for treating a rare genetic disorder called Fabry Disease. A competitor, Genzyme, was working on its own Fabry treatment. The Food and Drug Administration ("FDA") designated each product as "a drug for a rare disease or condition" pursuant to 21 U.S.C. § 360bb, meaning that if...

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