April 3, 2012

TheStreet Exposes Unfair Selective Disclosure Policy of Prominent European Medical Association, Resulting in Change That Favors Investors

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PRESS RELEASE

April 3, 2012, 10:29 a.m. EDT

NEW YORK, Apr 3, 2012 (GlobeNewswire via COMTEX) -- Investigative journalism by TheStreet, a leading digital financial media company, has caused a prominent European medical association to enact a major change in its disclosure policy, a move that will help level the playing field for ordinary investors.

As reported by TheStreet biotechnology reporter Adam Feuerstein on March 20, 2012 ( www.thestreet.com/story/11462003/1/easl-gives-wall-streets-privileged-investors-sneaky-preview-to-key-hep-c-data.html ), the European Association for the Study of the Liver (EASL) was set to selectively disclose, to a group that includes hedge funds and sell-side equity analysts, potentially market moving data involving clinical studies of experimental treatments for hepatitis C -- three weeks before the data was going to be announced to the public at EASL's International Liver Congress gathering to be held April 18-22. The conference will include reports on important studies by Gilead Sciences (GILD), Bristol-Meyers Squibb (BMY), Abbott (ABT), Idenix Pharmaceuticals (IDIX), Vertex Pharmaceuticals (VRTX) and Merck (MRK), among others.

TheStreet's article pointed out that many medical and scientific groups, such as the American Society of Clinical Oncology, make research abstracts publicly available in advance of major conferences in light of ability of such information to cause significant movement to the share price of various public medical industry companies.

Two days after TheStreet's exposure of EASL's unfair selective disclosure policy, EASL reversed course and announced that the research abstracts would be disclosed by making the data publicly available online on April 4 -- see http://www.thestreet.com/story/11465904/1/easl-backs-down-will-publicy-disclose-key-hep-c-data.html .

TheStreet commends EASL on taking appropriate action and changing its unfair policies.

About TheStreet

TheStreet, Inc. is a leading digital financial media company that distributes its content through online, social media, tablet and mobile channels. The Company's network of brands include: TheStreet, RealMoney, RealMoney Pro, Stockpickr, Action Alerts PLUS, Options Profits, ETF Profits, Chat on TheStreet, MainStreet and Rate-Watch. For more information on TheStreet's business, visit www.t.st . For financial and business news, actionable trading ideas, stock quotes and more, visit TheStreet.com via your web browser, follow TheStreet on Facebook and Twitter, visit TheStreet.mobi from your mobile device and access TheStreet through all major tablet platforms.

The TheStreet, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11420 

This news release was distributed by GlobeNewswire, www.globenewswire.com 

SOURCE: TheStreet, Inc.

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