InvestorsHub Logo
Followers 20
Posts 818
Boards Moderated 0
Alias Born 11/04/2000

Re: theswordman post# 90310

Friday, 07/03/2020 1:05:50 PM

Friday, July 03, 2020 1:05:50 PM

Post# of 232562
The question that needs to be asked, is - Does the agreement give Vyera the right to price leronlimab ?
As you may know, Vyera was the vehicle of Martin Shkreli, who is well known for raising the price of drugs under his control.
Vyera is now under the umbrella of Phoenixus.

https://www.thedailybeast.com/martin-shkreli-still-running-his-drug-company-phoenixus-ag-from-behind-bars-report

Martin Shkreli, the disgraced pharmaceutical executive, continues to run his company from prison with the help of a contraband cellphone, The Wall Street Journal reports. Shkreli was sentenced to seven years in prison last year for defrauding investors in his hedge funds and for manipulating the stock of his pharmaceutical company. The company, Phoenixus AG, brought to light the industry-wide practice of hiking up the prices of rare drugs. Shkreli jacked up the price of one HIV drug from $13.50 to $750. The so-called “pharma bro” recently fired his handpicked chief executive over the phone while he was on vacation, according to a source familiar with the exchange.

Shkreli plans to emerge from jail richer than he entered. According to his own calculations, Phoenixus could be worth $3.7 billion by the time he is freed in 2023. For that to happen, Shkreli plans to acquire more rare drugs in various stages of development and invest in ambitious research and development. The incarcerated executive reportedly spends his time reading pharmaceutical research on the inmate computer lab or on his phone.

For a bit of history, wikipedia is a great read.
https://en.wikipedia.org/wiki/Vyera_Pharmaceuticals

Also see-

https://www.bloomberg.com/opinion/articles/2020-01-30/slapping-around-martin-shkreli-won-t-cut-drug-prices

https://www.cnbc.com/2019/04/24/pharma-bro-martin-shkreli-moved-from-prison-after-rule-breaking.html




saving nickels saving dimes
working till the sun don't shine
looking forward to happier times
1963, Roy Orbison - On Blue Bayou

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent CYDY News