RiverBabe's Baby Biotechs

[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

[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]

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.

[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.

[billyjoe]

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

[riverbabe]

THERANOS (again!). Yikes.

Theranos Accused in Group Lawsuit of Misleading Consumers
Rebecca Spalding and Pamela MacLean
May 25, 2016 — 5:59 PM EDT

http://www.bloomberg.com/news/articles/2016-05-25/theranos-accused-in-group-lawsuit-of-misleading-consumers?nl=dealbook&emc=edit_dlbkam_20160526

[riverbabe]

Winter is just around the corner. Time to get out the black turtlenecks? Maybe the media is just piling on as they seem to be with Ronda Rousey.

http://www.nytimes.com/2015/10/30/business/the-narrative-frays-for-theranos-and-elizabeth-holmes.html?partner=rss&emc=rss

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

Thank you for the articles. For those of us (including Mrs. BJ and Cleveland Clinic) who REALLY DO KNOW BETTER, makes me want to throw up. Yup, gotta go buy a black turtleneck so I can be a billionaire with accolades. Sounds like I can check all those boxes too (except for the green juices, ugh).

[billyjoe]

Winter is just around the corner. Time to get out the black turtlenecks? Maybe the media is just piling on as they seem to be with Ronda Rousey.

http://www.nytimes.com/2015/10/30/business/the-narrative-frays-for-theranos-and-elizabeth-holmes.html?partner=rss&emc=rss

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

[billyjoe]

A well written summary of Theranos' problems to date. More bad news on the horizon. http://www.foxbusiness.com/technolog...deal-unravels/

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

[Phoenix7]

Biotechs, in general, are taking a beating. The odds of EXEL getting FDA approval are pretty good. But there is worry out there about the competition. Low volume trading right now. Again, based on market conditions for biotechs, crap shoot as to stock price after approval. Shorts might take it down. If my palms were not still sweaty from recent horrific personal experience in this space, might take a nibble under 6, preferably in lower part of range near 5.50. Volume should increase, as well as price in short term. See if you can take profit in a possible run-up to 11/11 (and earnings on 11/10, whew, what are they going to say? The future depends on approval?). I wouldn't hold through approval. Too unpredictable in this market. If holding through earnings, sell in AH before it gets halted.

River thank you so much......I'm sure your input will help many!

[riverbabe]

River any comment on EXEL ? FDA Ruling coming out on 11/11/15 , and I know you are reluctant to buy before FDA results, but any comments you could add would be appreciated . Apparently Motley Fool likes EXEL along with 2 others. Read This: http://www.fool.com/investing/genera...mpaign=article.
Thank you and have a beautiful day! P7

Biotechs, in general, are taking a beating. The odds of EXEL getting FDA approval are pretty good. But there is worry out there about the competition. Low volume trading right now. Again, based on market conditions for biotechs, crap shoot as to stock price after approval. Shorts might take it down. If my palms were not still sweaty from recent horrific personal experience in this space, might take a nibble under 6, preferably in lower part of range near 5.50. Volume should increase, as well as price in short term. See if you can take profit in a possible run-up to 11/11 (and earnings on 11/10, whew, what are they going to say? The future depends on approval?). I wouldn't hold through approval. Too unpredictable in this market. If holding through earnings, sell in AH before it gets halted.

[Phoenix7]

River any comment on EXEL ? FDA Ruling coming out on 11/11/15 , and I know you are reluctant to buy before FDA results, but any comments you could add would be appreciated . Apparently Motley Fool likes EXEL along with 2 others. Read This: http://www.fool.com/investing/genera...mpaign=article.
Thank you and have a beautiful day! P7

[riverbabe]

River, I was always told that finger sticks could give unusual results especially if the finger is squeezed to get more blood. There were some shady characters in my town a few years ago that claimed to have small, almost miraculous, blood analyzing machines at their office that could do almost any test at a fraction of the cost of the hospital lab. You'd be surprised at the identity of one of the doctors.

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

Please don't keep me in suspense! LOL Actually when I started we used ear lobe sticks for all the hematology. And yes, you are absolutely right about the finger sticks. BTW, for RBC and WBC counts we used diluting pipettes at the bedside (suck up the blood to the first mark, suck up the diluting fluid to the second mark, manually shake to mix well). Mrs. Billy doesn't know what fun she missed!

[billyjoe]

River, I was always told that finger sticks could give unusual results especially if the finger is squeezed to get more blood. There were some shady characters in my town a few years ago that claimed to have small, almost miraculous, blood analyzing machines at their office that could do almost any test at a fraction of the cost of the hospital lab. You'd be surprised at the identity of one of the doctors.

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

[riverbabe]

The Comeuppance. If you haven't been following this story, time to do so. It has been of special interest to me, as a former medical technologist for more years and more venipunctures than I care to admit to. Please Google Theranos for the ongoing sordid saga. I mean, I understand the possible ignorance of Henry Kissinger in this area, but The Cleveland Clinic??? Don't you people actually LOOK before you LEAP??? This story is from the NY Times this morning. When you get the inevitable NYT advert, use your back arrow to get to the story. http://www.nytimes.com/2015/10/30/bu...&nlid=47075250