Biotech Values

[drbio45]

I always assumed Vanda sent someone at the fda a suitcase with cash to get their drug approved.

all it needed was some insider trading as an incentive

http://www.bloomberg.com/news/2011-03-29/sec-says-fda-chemist-reaped-3-6-million-from-insider-trading.html

Liang traded in smaller developmental drug companies, where a government decision would be more likely to have a significant impact on the stock price, the SEC said. He gained more than $1 million trading stock of Vanda Pharmaceuticals Inc. (VNDA) a Rockville, Maryland, firm that rose more than 600 percent a day after the FDA cleared sales of its schizophrenia drug Fanapt in May 2009, according to the lawsuit.