The firm is headed by Michael Sullivan, former US Attorney for the District for Massachusetts. It seems like a credible firm to me. Glad to see the company fighting back!
Glad to see them aggressively going after the Seeking Alpha author. Apparently he made a lot of "factual" assertions that in reality seem to be solely motivated to bring the stock down. If it is true that he held a short position, I expect he could suffer financial and criminal consequences. The only way to try to limit this type of stock manipulation is to hit the perpetrators as hard as we can.
I hate to see investors lose money, especially in biotechs that are trying to find important cures for diseases, but some of you guys should concentrate on your investments more and Fox News' view of the world less.
Maybe a buffoon is just what we need. He really is just making things up as he goes along, and that might be a positive. There are many simple answers to many of our problems, but old time politics and party fanatics have made it impossible to compromise and find common ground. Trump is not tied to any particular ideology, and I believe he will be free of all the special interests and lobbyists. I normally would not be attracted to a candidate like Trump, but considering the toxic political atmosphere that currently exists in our country, Trump might just be DA MAN!
Thanks for the insightful opinions. I like CTIX, and I agree that the company's fate will ultimately be determined by their trial results. Good luck!
I bought in because the company has three promising drugs for cancer, infection, and psoriasis. They all appear to have significant potential. I believe the company has funding for its research, so I don't think money is a big issue at this time. I know about the bogus Seeking Alpha article and the inevitable ambulance chaser lawsuits that followed. The biotech sector has been slammed, but today's big drop on heavy volume has caught my attention. Does anybody actually have some insight (guess more likely) concerning today's dip. I notice the stock is bouncing back, so it might just be some large holders dumping their shares.
HRC is just one candidate. Does she really have the power to bring down the whole biotech sector? You give her too much credit. Most companies develop drug and charge reasonable prices, especially outside the US. If they have to charge a little less here, they will just have to pay a little more in the rest of the world. The most that will happen out of all this furor is that hopefully Congress will give Medicare the power to negotiate drug prices just like the VA and the rest of the world does.
He wants to give the middle class a break on taxes. He wants Putin and Russia to fight ISIS in Syria. The guy is sounding like someone I might be able to support. Who cares if he doesn't know all the names and all the issues. He can figure things out as he goes. He might be just what we need to break the logjam in Congress. He won't care what the radical types say because he will cut his deals with whomever in either party chooses to work with him. His name calling and insensitive remarks are out in the open. At least he isn't a behind the scenes backstabber. Yep, I may just support The Donald.
Hey, the little hedge fund jerk who raised a 50 year old drug over 5,000% caused the biotech mayhem. Even the Republicans noticed the rip-off. Luckily, most of my investments are diversified, so I am hurting, but not hemorrhaging. I have most of my money in the financial sector, so I am making dividends as well. My OPK holdings have taken a beating, but the company is no longer as speculative as it was. CLDX is getting hammered because its drugs are years off, and the premium for that is being sucked out by the minute.
Hmmmm! Looks like Shkreli has hit a nerve not only with socialists, Democrats, but Republicans as well. Fraz, I told you the issue was going to be a big campaign issue. Reasonable drug development costs are not the issue. What is reprehensible is that some companies charge whatever the market will bear, and they apparently are quite eager to charge American citizens double what the charge the rest of the world.
Trump should have some fun with him. Raising a 60 year old drug's price over 5,000% has put pressure on the whole drug industry. The Centers for Disease Control and Prevention has termed the increase unjustifiable and unsustainable for the health care system. This young twerp's actions caused more trouble for the drug industry than Hillary or Sanders. Even the Republican candidates are going to be pressured to take a stand and let Medicare negotiate drug prices.
Can't stick to the issues can you, Fraz. Fraud is a topic that should be addressed no matter what drugs costs. Americans who are trying to pay for their prescriptions are not frauds.
I am sure AARP is going to jump in on drug affordability now that the issue is out in the open. You can thank that greedy little drug company that raised a 60 year old drug 5,000% for all the attention. Hillary and Sanders have taken up the issue, and I expect the Republicans better come up with a plan as seniors tend to vote their pocketbooks, and in this case their health.
24% of Americans reportedly did not fill their prescriptions because they couldn't afford them. Pretty sad for a country like ours.
Hey, Fraz, remember when you guys were claiming that the Affordable Healthcare Act contained death panels. Well, if death panels really exist, I guess it is the drug companies who decide who lives or dies based on whether a patient can afford an expensive life-saving drug. You are OK with that because as long as you make a buck, you don't care how many people might die because they couldn't afford treatment.
Fraz, man how you can distort things. The issue is price gouging in the drug industry, and why the American government should not allow its citizens to pay for the rest of the world's drug coverage. You are OK that Americans a footing the bill for the rest of the world. You are OK with the fact that Medicare is being overwhelmed by the cost of providing prescription drugs to seniors. You are OK with a company who raises the price of a 60 year old drug by 5,000% just because they can. Man, I guess you are OK with just about anything if you can make a buck on it.