Biotech Values

[DragonBits]

I would have also picked John Kapoor as one of the worst, based more on consistency and though not a CEO he was the power behind INGN.PK, NEOL, AKRX, SCRX.OB. Two are broke, one is close and one got bought out.

Nance at INGN really had only one choice, to quit. Kapoor ran some crazy power struggle at NEOL when his CEO tried to revolt. Kapoor is a control freak.

The companies he controlled never got close to the size of ELN, but any company he starts I would look closely at and try and be short after the spike up on hype.

But I picked ELN as having created the most damage the most times to the greatest number of shareholders of any biotech.

I see many picked Cox, but at least GTC was a slow fade over many years, it never really looked safe and it gave time for people to make decisions.

ELN goes down 70% overnight, it gives the appearance of being safe because it is such a large cap stock, not only wiping people out but created huge tax problems for those on margin / options. Despite the fact that investor were asking to get wiped out the way they leveraged their investments, the CEO encouraged them to think that way.

Take care