ASTX was hopes dashed rather than money lost. He expected a white knight to come in and top Otsuka's bid. It didn't happen. I was in it too and lost a dime.
I don't know if he maintains a position in VVUS, but the hand-picked (by Denner and First Manhattan) management team has been in place for some months now and they still haven't found a way to monetize qsymia. With the results you see on the chart. I went in at 10.25, figuring it couldn't get worse. It has.
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