In his follow-up article dated 10/22/20013, and regardless of the spin he tries to put on it, AF states , "Catalyst is exploiting a loophole in U.S. law which allows companies to seek FDA approval for older drugs, which for a variety of reasons were never formally reviewed by regulators." Key wording is "US law which ALLOWS companies to seek FDA approval". Exploiting a loophole is not the same as violating the law. By AF's logic the FDA should be culpable too. AF and opportunistic law firms have no legal case against Catalyst AF's moralistic judgements notwithstanding. The question arises, why is AF singling out Catalyst? What is his latent agenda?
I have been very successful buying stocks that Fueurstein and/or Cramer dump on. A thumbs down from them is a buy signal for me. I put the winnings into real estate, retaining some money to play with.
you know you have great post probably the best financial advice you can get free. these guys have been screwing people out their hard earned money too long. just let few months pass and buy them at discount.
good , instead of fighting every assho$% just watch them and use it for your advantage. I like it.
The NIH has a huge program right now to bring back old drugs for new indications. It saves the government millions of funding dollars since there are literally millions of drugs that have been shelved by pharma, rather than reinventing the wheel am spending billions on new drug discovery. It makes perfect sense, to save tax payer money. For example, Rather than spend billions to find out that methylpropranolol lowers cardiac risk by lowering blood pressure (a new drug entity), you just pull propranolol (tried an true drug for lowering blood pressure) off the shelf and test directly whether because of its blood pressure lowering effects it lowers the risk of cardiac events. Makes sense right? Not the way Fuerstein made it sound though, huh?
The best way to discover a new drug is to start with an existing drug.
Sir James Black - Nobel Laureate
AF is either a fool or a liar. Drug repurposing is a major effort at NIH and the purpose of rule 505b(2) accelerated development is to permit faster trials for new indications. That is not a "loophole", it is the fully intended exercise of the law.
The FDA approval process is law for a reason.
Following the FDA approval process is crucial for the safety and health of the entire population.
Circumventing the FDA approval process for 20+ years by using a loophole like Jacobus is doing is not helpful to the safety and health of the population.
You are confused.
The only one using a loophole is Jacobus by administering an unstable drug and circumventing the FDA approval process for 20+ years without approval almost certainly for personal gain.
The FDA approval process isn't a loophole. It's a regulation that must be followed for the safety of the population. Those who would circumvent this process for 20+ years are suspect, and those are the people who AF lies down with.