This is the MIT Scientist who RESIGNED from the FCSC Board:
Robert S. Langer is the David H. Koch Institute Professor (there are 14 Institute Professors at MIT; being an Institute Professor is the highest honor that can be awarded to a faculty member). Dr. Langer has written more than 1,175 articles. He also has approximately 800 issued and pending patents worldwide. Dr. Langer’s patents have been licensed or sublicensed to over 250 pharmaceutical, chemical, biotechnology and medical device companies. He is the most cited engineer in history.
He served as a member of the United States Food and Drug Administration’s SCIENCE Board, the FDA’s highest advisory board, from 1995 -- 2002 and as its Chairman from 1999-2002. Dr. Langer has received over 210 major awards including the 2006 United States National Medal of Science; the Charles Stark Draper Prize, considered the equivalent of the Nobel Prize for engineers, the 2008 Millennium Prize, the world’s largest technology prize and the 2012 Priestley Medal, the highest award of the American Chemical Society. He is the also the only engineer to receive the Gairdner Foundation International Award; 78 recipients of this award have subsequently received a Nobel Prize.
Forbes Magazine (1999) and Bio World (1990) have named Dr. Langer as one of the 25 most important individuals in biotechnology in the world. Discover Magazine (2002) named him as one of the 20 most important people in this area. Forbes Magazine (2002) selected Dr. Langer as one of the 15 innovators world wide who will reinvent our future. Time Magazine and CNN (2001) named Dr. Langer as one of the 100 most important people in America and one of the 18 top people in science or medicine in America (America’s Best). Parade Magazine (2004) selected Dr. Langer as one of 6 “Heroes whose research may save your life.”
*****To quote Mssr. Cryptics: "Best part is the resignation of two Dr.'s from BOD who i'm assuming were useless." ******
I just beg to differ with such hair raising, "high falutin ignorance" my dear sir.
Eminently accomplished medical researchers are the intellectual life-blood and driving force of the biotechnology industry, so this is a very HUGE deal, when two experts in this business walk away from the board of directors. If you glance at the laviv sales and stock's performance over the past 6 months -- or since FDA-approval -- are these experts bailing from a sinking ship? I consider this news as big as the $45 mil folks! It takes an ignorant man -- like Cryptics -- to be so "flatulently dismissive" of the intrinsic value of intellectual capital.
This is what I am contemplating, rather than just a $45 million cash infusion... resulting in more huge dilution. QUESTION: just how thin can ya slice the bacon or bologna?
$45 million infusion means: more dilution, plus 8 to 12 more months of "STAY THE COURSE" strategy...
You longs keep getting hosed!