Biotech Values

[mcbio]

p.s. The CEO of TGTX is the infamous Michael Weiss.

What is the back story here behind Michael Weiss? I'm not familiar with his history. I ask because TGTX came up on my Twitter stream today and they have a 3rd gen Rituxan in the clinic to go along with a PI3K delta drug about to enter the clinic all for about a $50M market cap. At the recent Oppenheimer presentation, they talked about the ability to combine the 3rd gen Rituxan with the PI3K. Also talked about potential advantages of their PI3K delta over the GILD PI3K delta. They claim they have 18-21 months of cash as well. Doesn't exactly seem to be an expensive stock but it sounds like there's also a checkered history here for this company and presumably some reasons to be skeptical.