Margaret Hamburg=Commissioner of the FDA=Married to Peter Fitzhugh Brown=Executive Vice President and Director at Renaissance Technologies, LLC=Renaissance Technologies, LLC, reported on 5-15-13, for the quarter ending 3-31-13, having purchased 1,354,116 shares of MNKD @ $3.39/share=MY INVESTMENT IS SECURE!
I am the original author of this thread. I don't claim to be an "end all, be all", however, I am weighing the requirement of institutional involvement reporting, which states 6 weeks from 3-31-013 meaning we will be further enlightened by 8-14-13 (the requirement is to report within six weeks).
So if you see a disappearance of their share involvement I would suggest a MAJOR cause for concern. Conversely, a significant increase should suggest a level of confidence we can rest on.
Please give me a "thumbs down". I make entirely too much sense to merit confidence.
That's perfectly legal to buy MNKD share before NDA submission. The only rotten thing here, may be she is the one rejected MNKD before, so that she can quadruple her money on the 3rd trial. So one thing is sure now, this time 100% approval.
I have only been dabbling in bio tech stocks for about 2 years now, but I am beginning to see that the FDA is completely corrupt. I guess I need to find me a woman on the FDA board so I can start a hedge fund too. That plus Cheng Yi Liang, FDA chemist buying shares last time around, and then the FDA actually listening to Martin Shkreli's advice last time in denying the approval. LOL...FDA has become like the SEC...nothing to do with protecting the American public, and everything to do with furthering their own political and financial objectives.
Weren't they short mnkd before the last decision. Knew there was a lot of hoopla about conflict of interest then because the husband's fund was short mnkd and the decision came back negative.
Now they are on the positive end ...what do you think the decision will be this time.
So a Hedge Fund owns Mannkind? Where is the conflict? I have searched the internet and the best I can tell is both Peter and Margaret had to divest their holding in Renaissance Technologies. Feel free to search yourself and feel free to correct me if I am wrong. Is it a conflict of interest if neither have any of their own money in the fund?
With a name like purge_dc you have no problem with corruption at the top of the FDA?
Read the story again. They divested a couple of investments when she was named to head the agency to make it appear like everything was proper.
How is it possible there is no conflict of interest when the guy is the #2 man at a hedge fund which invests in biotech/ pharma stocks? Guess why he is the #2 man at that specific hedge fund. I am sure there is nothing improper going on since Washington is so transparent.....