Biotech Values

[biocqr]

I've learned to be very skeptical of Langer backed co's. If below is true it just confirms that either Langer is clueless, has no moral compass or is just a greedy SOB. Lowe's observation that Langer "starts companies as quickly as most people order lunch" is spot on.

A week after leaving InVivo, Reynolds — again with encouragement from Langer — started PixarBio, which focused on developing what Reynolds touted as a game-changing non-opioid painkiller.

“You’re the Steve Jobs of life sciences,’’ Reynolds remembered Langer telling him, according to Reynolds’s deposition.

edit - this give it more context...

Langer remembers it differently. Yes, he says, he did mention Apple’s visionary cofounder, but only as an example of someone who was forced out of a company (Apple, after Jobs’s first stint there) and went on to huge success at another. “I wanted him to feel that he had some talent,” Langer told the Globe.

As in the case of InVivo, Reynolds named Langer a cofounder of PixarBio and featured him in a company video. But PixarBio licensed nothing from Langer’s lab, and Langer said he later told Reynolds to remove his name as cofounder.

Reynolds initially funded PixarBio mostly with cash from InVivo stock he sold, according to federal authorities.

Never shy about making bold claims, Reynolds predicted that PixarBio’s product, a painkiller called NeuroRelease, would replace morphine.

It looks like Langer wasn't a Pixarbio investor but I still wouldn't touch a Langer co. After all the crap Reynolds pulled it's hard to believe Langer was still advising him.