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biosectinvestor

10/22/22 6:40 PM

#524070 RE: jimmy667 #523950

Of course I disagree 1) the FDA is not “corrupt”; 2) the NIH and FDA were, in fact, incredibly successful with regard to COVID. I don’t buy conspiracy theories.

As for trading, some funds I believe like to put their hands on the scales by utilizing social media campaigns that push the stock up and down. I believe they use small, sophisticated troll farm like operators from outside the country who are often intelligent, well educated and looking for lucrative side income. Often such troll farms employ people from Asia, Eastern Europe, a nation in the Middle East, in my experience, and some from the US hiding identities. Just speculation, but I have known people who were likely involved in such activities, I believe, years ago, typically very smart foreign grad students working toward a degree in medicine or a technical degree, working on “side gigs” for hedge funds on “top secret” stuff. Research.

I don’t think the MHRA is “less corrupt”, I think the parliamentary system is more efficient. It’s a later advance in democratic institutions and this nonsense about slowing change was put into place in our country to preserve the rights of slaveholders. The end result is we move two steps forward, 4 steps backward, 3 steps forward, etc. we can’t stay consistent nor advance agendas very well without serious super majorities because the structure of our government tries to slow change and improvement. Nonetheless, we have done pretty well over the years despite our idiosyncratic problems. It’s not corruption though, it is dysfunction at the most basic level that makes regulators not take any risks of doing anything that might seem political or put them on a hit seat in any way. That scrutiny can come from left and right, so it’s both sides in this instance that can scrutinize their decisions, too “pro-industry”, too “anti-industry”. Doesn’t matter, it keeps them working very cautiously. Maybe that is even an optimal result in the end. But to small investors in tiny companies, it can easily be portrayed as “corruption”, especially when some may be predisposed to always suggest that as the answer when things are complicated.

I am confident in the FDA as I am in the MHRA. They may or may not arrive at the same answer around the same time. They both were able to get to the same position on the COVID vaccines around the same time, with that time the MHRA just a tad bit, a few weeks, ahead of the FDA and the EMA behind both, by a few more weeks.