RiverBabe's Baby Biotechs

[riverbabe]

River, Elizabeth Holmes says it's all a misunderstanding. When she stated "a little prick" she wasn't referring to a finger stick but 1 or several of Theranos' board of directors.

http://www.bloomberg.com/research/stocks/private/board.asp?privcapId=20334531

-----------------billy

ROFLMAO. Billy, you are a hoot! Actually, you'd think at least the Ortho guy would have some brains in this area. David Boies should be looking to hide his embarrassed red face about now.

[riverbabe]

Theranos is finally, officially dead

The blood-testing start-up has said it will officially dissolve itself. Theranos, which went from being a Silicon Valley darling to a cautionary tale, told shareholders that it was in talks to sell its patents to its most recent lender, Fortress Investment Group, after breaching a loan covenant in a way that allows Fortress to foreclose on the company’s assets. Remaining cash, about $5 million, will go to the company’s other creditors.

The move isn’t surprising. Theranos had laid off most of its staff and its founder, Elizabeth Holmes, has been indicted on fraud charges. But the collapse means that the company’s star-studded list of investors — Rupert Murdoch, the Walton family of Walmart fame, and others — has now collectively lost $1 billion. This was from NYT DealBook, dated Sept. 5, 2018.

[Louetta]

AMRN up 70% in the premarket. May not hold that thru the day but a good start.

Happy marathon day. Watch Kim Smith.

The above from 4/18/2011. This morning AMRN is up 8.70 at 11.70, a 291% increase. I haven't owned it since 2011 or so but it's interesting.

Smith lead at 30K but faded. Good job tho.

[riverbabe]

Amarin Hits A Home Run With REDUCE-IT

Sep. 26, 2018 7:46 AM ET|
5 comments|
About: Amarin Corporation PLC (AMRN)

That was a long long wait. Happy I retreated with my bruises years ago. REALLY NOT interested any more. Many other fresh fish in the frying pan currently (none of which are MJ - don't want to be barred from the US for life!) LOL

https://seekingalpha.com/article/4208333-amarin-hits-home-run-reduce?app=1