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GOP Debate thoughts

#58

For the folks that are excited about Ramaswamy - you may want to know how he got rich.
  • Purchased rights to a drug from Glaxo-Smith-Kline that had failed FOUR clinical trials and GSK had given up on
  • Put his mother on the board of his new company and had her re-run one of those trials without actually testing on patients, they cook the numbers to show some promise (even thought they knew there was none) and with those results ...
  • Appeared On Jim Kramer's show and anywhere that would listen to him proclaim he was making headway with a new Alzheimers drug (he wasn't) 
  • The IPO goes public and the stock doubles in a day - eventually going from $5 to $50 a share
  • Final clinical trials reveal what they knew all along, the drug is totally useless
  • Stock plummets by 99% instantly
Too late - the pump and dump worked and he'd cashed out with millions off of those he conned into believing in a worthless drug. 

If you have folks in your family with Alzheimers or dementia - you should really consider how this prick conned people into buying stock in a drug to treat those conditions even though he knew it was worthless. 

Here is a 2015 article from a finance guy who saw through it while it was happening: 
https://www.fiercebiotech.com/biotech/wh...out-of-you

This was only the first of several such forays and I believe he has a current similar scam going with a gene therapy treatment of sorts. 

His company did eventually come out with a hormone treatment drug for chemically castrating men going through prostate cancer. It was just a variation on an existing drug that does the same thing, but the new one performed about 10% better at limiting the necessary hormones. So he's got that under his belt along with that Harvard degree.
Reply


Messages In This Thread
GOP Debate thoughts - by EricC85 - 08-23-2023, 10:55 PM
GOP Debate thoughts - by Caldrac - 08-23-2023, 10:57 PM
RE: GOP Debate thoughts - by EricC85 - 08-23-2023, 11:01 PM
RE: GOP Debate thoughts - by Caldrac - 08-25-2023, 09:06 PM
RE: GOP Debate thoughts - by WingerDinger - 08-23-2023, 11:06 PM
RE: GOP Debate thoughts - by mikesez - 08-23-2023, 11:08 PM
RE: GOP Debate thoughts - by copycat - 08-24-2023, 10:55 AM
RE: GOP Debate thoughts - by Jag88 - 08-24-2023, 01:50 AM
RE: GOP Debate thoughts - by flsprtsgod - 08-24-2023, 06:46 AM
homebiscuit - by homebiscuit - 08-24-2023, 07:15 AM
RE: GOP Debate thoughts - by Lucky2Last - 08-24-2023, 09:51 AM
RE: GOP Debate thoughts - by HURRICANE!!! - 08-24-2023, 11:20 AM
RE: GOP Debate thoughts - by jagibelieve - 08-25-2023, 11:25 AM
RE: GOP Debate thoughts - by mikesez - 08-25-2023, 11:37 AM
RE: GOP Debate thoughts - by jagibelieve - 08-25-2023, 11:59 AM
RE: GOP Debate thoughts - by mikesez - 08-25-2023, 12:48 PM
RE: GOP Debate thoughts - by flsprtsgod - 08-25-2023, 01:06 PM
RE: GOP Debate thoughts - by mikesez - 08-25-2023, 02:18 PM
RE: GOP Debate thoughts - by jagibelieve - 08-25-2023, 03:10 PM
RE: GOP Debate thoughts - by mikesez - 08-25-2023, 04:50 PM
RE: GOP Debate thoughts - by flsprtsgod - 08-25-2023, 05:32 PM
RE: GOP Debate thoughts - by mikesez - 08-25-2023, 09:02 PM
RE: GOP Debate thoughts - by Caldrac - 08-25-2023, 09:27 PM
RE: GOP Debate thoughts - by flsprtsgod - 08-25-2023, 09:53 PM
RE: GOP Debate thoughts - by mikesez - 08-25-2023, 11:00 PM
RE: GOP Debate thoughts - by Caldrac - 08-25-2023, 11:16 PM
RE: GOP Debate thoughts - by Lucky2Last - 08-27-2023, 09:17 AM
RE: GOP Debate thoughts - by flsprtsgod - 08-25-2023, 03:42 PM
RE: GOP Debate thoughts - by HURRICANE!!! - 08-24-2023, 10:51 AM
homebiscuit - by homebiscuit - 08-24-2023, 10:55 AM
RE: homebiscuit - by flsprtsgod - 08-24-2023, 11:01 AM
RE: GOP Debate thoughts - by NYC4jags - 08-24-2023, 11:05 AM
RE: GOP Debate thoughts - by copycat - 08-24-2023, 11:23 AM
RE: GOP Debate thoughts - by mikesez - 08-24-2023, 12:42 PM
RE: GOP Debate thoughts - by copycat - 08-24-2023, 12:49 PM
RE: GOP Debate thoughts - by mikesez - 08-24-2023, 01:01 PM
RE: GOP Debate thoughts - by flsprtsgod - 08-24-2023, 12:47 PM
RE: GOP Debate thoughts - by MarleyJag - 08-24-2023, 11:08 AM
RE: GOP Debate thoughts - by mikesez - 08-24-2023, 12:48 PM
RE: GOP Debate thoughts - by flsprtsgod - 08-24-2023, 12:56 PM
RE: GOP Debate thoughts - by mikesez - 08-24-2023, 01:07 PM
RE: GOP Debate thoughts - by MarleyJag - 08-24-2023, 03:02 PM
RE: GOP Debate thoughts - by WingerDinger - 08-24-2023, 01:08 PM
RE: GOP Debate thoughts - by HURRICANE!!! - 08-24-2023, 01:35 PM
RE: GOP Debate thoughts - by WingerDinger - 08-24-2023, 01:41 PM
RE: GOP Debate thoughts - by Jaguar Warrior - 08-24-2023, 08:14 PM
RE: GOP Debate thoughts - by mikesez - 08-24-2023, 11:21 PM
RE: GOP Debate thoughts - by Lucky2Last - 08-24-2023, 08:56 PM
RE: GOP Debate thoughts - by flsprtsgod - 08-24-2023, 08:57 PM
RE: GOP Debate thoughts - by WingerDinger - 08-25-2023, 12:30 PM
RE: GOP Debate thoughts - by Caldrac - 08-25-2023, 09:13 PM
RE: GOP Debate thoughts - by mikesez - 08-25-2023, 10:53 PM
GOP Debate thoughts - by p_rushing - 08-25-2023, 11:02 PM
RE: GOP Debate thoughts - by mikesez - 08-25-2023, 11:12 PM
RE: GOP Debate thoughts - by p_rushing - 08-25-2023, 11:30 PM
RE: GOP Debate thoughts - by p_rushing - 08-27-2023, 01:37 PM
RE: GOP Debate thoughts - by mikesez - 08-27-2023, 02:15 PM
RE: GOP Debate thoughts - by NYC4jags - 08-30-2023, 09:19 AM
RE: GOP Debate thoughts - by NYC4jags - 09-07-2023, 12:07 PM
homebiscuit - by homebiscuit - 09-07-2023, 12:16 PM
GOP Debate thoughts - by Caldrac - 08-31-2023, 04:50 PM
RE: GOP Debate thoughts - by flsprtsgod - 08-31-2023, 11:32 PM
RE: GOP Debate thoughts - by Caldrac - 09-01-2023, 12:49 AM
homebiscuit - by homebiscuit - 11-08-2023, 10:21 PM
RE: GOP Debate thoughts - by mikesez - 11-08-2023, 10:43 PM
RE: GOP Debate thoughts - by mikesez - 11-08-2023, 11:02 PM
RE: GOP Debate thoughts - by Jag88 - 11-08-2023, 11:03 PM
RE: GOP Debate thoughts - by Lucky2Last - 11-09-2023, 12:05 AM
RE: GOP Debate thoughts - by Jag88 - 11-09-2023, 12:21 AM
RE: GOP Debate thoughts - by mikesez - 11-09-2023, 08:00 AM
RE: GOP Debate thoughts - by Lucky2Last - 11-08-2023, 11:08 PM
RE: GOP Debate thoughts - by Jagger - 11-08-2023, 11:48 PM
RE: GOP Debate thoughts - by Lucky2Last - 11-09-2023, 09:16 AM
RE: GOP Debate thoughts - by mikesez - 11-09-2023, 10:39 AM
RE: GOP Debate thoughts - by NYC4jags - 11-09-2023, 10:46 AM
RE: GOP Debate thoughts - by Lucky2Last - 11-09-2023, 02:29 PM
RE: GOP Debate thoughts - by mikesez - 11-09-2023, 03:27 PM
RE: GOP Debate thoughts - by NYC4jags - 11-09-2023, 03:32 PM
RE: GOP Debate thoughts - by WingerDinger - 11-09-2023, 12:14 PM
RE: GOP Debate thoughts - by MarleyJag - 11-09-2023, 12:28 PM
RE: GOP Debate thoughts - by The Real Marty - 11-09-2023, 12:33 PM
homebiscuit - by homebiscuit - 11-09-2023, 02:38 PM
RE: GOP Debate thoughts - by WingerDinger - 11-09-2023, 12:34 PM
Jag88u - by Jag88 - 11-09-2023, 01:21 PM
RE: Jag88u - by WingerDinger - 11-09-2023, 01:34 PM
RE: GOP Debate thoughts - by MarleyJag - 11-09-2023, 06:06 PM
RE: GOP Debate thoughts - by WingerDinger - 11-09-2023, 06:08 PM
RE: GOP Debate thoughts - by MarleyJag - 11-09-2023, 06:10 PM
RE: GOP Debate thoughts - by WingerDinger - 11-09-2023, 06:11 PM
RE: GOP Debate thoughts - by Khan Artist - 11-09-2023, 08:25 PM
RE: GOP Debate thoughts - by WingerDinger - 11-10-2023, 12:47 AM
RE: GOP Debate thoughts - by Lucky2Last - 11-09-2023, 09:07 PM
RE: GOP Debate thoughts - by mikesez - 11-09-2023, 09:37 PM
RE: GOP Debate thoughts - by Lucky2Last - 11-09-2023, 10:08 PM
RE: GOP Debate thoughts - by mikesez - 11-09-2023, 10:15 PM
RE: GOP Debate thoughts - by Lucky2Last - 11-09-2023, 02:44 PM
RE: GOP Debate thoughts - by Lucky2Last - 11-09-2023, 04:32 PM
RE: GOP Debate thoughts - by NYC4jags - 11-09-2023, 04:42 PM
RE: GOP Debate thoughts - by Lucky2Last - 11-09-2023, 09:01 PM
RE: GOP Debate thoughts - by mikesez - 11-09-2023, 06:31 PM
RE: GOP Debate thoughts - by WingerDinger - 11-09-2023, 06:46 PM
RE: GOP Debate thoughts - by mikesez - 11-09-2023, 07:48 PM
RE: GOP Debate thoughts - by Lucky2Last - 11-09-2023, 10:29 PM
RE: GOP Debate thoughts - by mikesez - 11-09-2023, 10:36 PM
RE: GOP Debate thoughts - by Lucky2Last - 11-09-2023, 10:41 PM
RE: GOP Debate thoughts - by mikesez - 11-09-2023, 11:05 PM
RE: GOP Debate thoughts - by EricC85 - 11-10-2023, 06:49 AM
RE: GOP Debate thoughts - by flsprtsgod - 11-10-2023, 07:52 AM
RE: GOP Debate thoughts - by Lucky2Last - 11-10-2023, 12:09 AM
RE: GOP Debate thoughts - by mikesez - 11-10-2023, 06:02 AM
RE: GOP Debate thoughts - by Lucky2Last - 11-10-2023, 09:59 AM



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