It could get ugly

News that the bulk of Warburg Dillon Read. s life science team had jumped to Lehman Brothers provided particularly choice fodder for gossip-mongers at the Future Leaders in the Biotech Industry conference last week.

Joining Lehman are banker Eric Roberts and sellside analyst Rachel Leheny, as well as five others. Roberts will serve as Lehman. s co-head of health care banking with Brian McCarthy, who joined Lehman in