this was a big one.....incredible as it may seem....The SEC needs to come in and stop the stock then make it clear unbelievable not believable..all mean the same thing
Restart trade LOL
Takeda will end their relationship with OREX, they have already said they had no idea OREX did this
They will also ask for all data and the patent
remember what not believable means....untrue
Thats why there was a rush to get the patent........I question the research team somewhat or perhaps not
I say is more beleivable then this drug is a benefit to cardo systems
This is a crazy situation...
Not believable means not true. Based on the cocktails components the FDA said no cardio benefit...untrue...not believable
I feel more then eve going to pull the drug based on the hurry to get the patent.
Patent means nothing without FDA approval
all they had was a preliminary approval.
Now do you get it?
Look that was the word used by FDA
Not believable equates to a lie
Trust me The FDA will prove it
They have no choice
I think they mean it's a lie!
Do you get it now
Gerber lost of course and they lost billion and had to pay billions
In a lawsuit settled this fall, Gerber Food Corporation has been ordered to give every child born between 1985 and 1997 a $500.00 U.S. Savings Bond for falsely advertising Staggering amount.............game over
Nice trade, This OREX thuing has caused me to stop trading and look closer at why this happened, who was responsible, what was the intent, who sold their shares, who shorted the stock, who knew the EFDA was going to slam OREX, what was the CEO thinking, what does he plan to do with OREX and the patent, If OREX goes under does the CEO take the Patent back to India? What will happen to the investors who lost money, the SEC is investigating, what is their intent and when the shares stop trading monday what will the final outcome be. I am very interest to hear from their Japanese Partner on Monday
This company is way out of line. You have to have respect for authority and values. What doctor in their right mind will recomend this drug..
I love this
The Federal Trade Commission has charged Gerber Products Co., also doing business as Nestlé Nutrition, with deceptively advertising that feeding its Good Start Gentle formula to infants with a family history of allergies prevents or reduces the risk that they will develop allergies.
FDA responded to the petition with an enforcement letter which assessed the evidence, and concluded “that the current scientific evidence is appropriate for consideration of a qualified health claim Bizarrely, Nestle/Gerber continued making the claim that its formula reduced the risk of developing allergies, and on top of this, advertised FDA’s enforcement letter as a ‘gold badge’ In this case, misrepresenting the FDA’s enforcement letter as approval of a claim, created a second layer of enforcement — from FTC.The FT sued and thhe FDA ordered them to removetheir product from the shelves unlethehaned their claims
Gerber, the FTC alleges, has no scientific evidence to support the claims. That violates federal laws regulating product claims, according to the agency. Another violation, the FTC said, is the claim Good Start Gentle is the "first and only" formula that "meets FDA qualified health claim." The FTC said the FDA approve
This is a case study what not to do
I have never seen such stupidity
Lockheed might as we circumvent the pentagon and build a better fighter for the Rissians
Wrong, you are out of life lines
They had a conditional approval
That's why the FDA torpedoed them
That's why their partner threw them under the bus
The FDA makes the rules not Orex
The data is not even valid
The FDA has 15 years with this type of drug
The FDA felt so confident they said Orex data is no believable
Think about that. The organization that has the power to keep you in business basically calls you a liar
Orex is like a hand grenade pull the pin and watch it go boom
It's over for Orex
They know law. They know how to settle and sue. OREX had no right to say that their drug had cardo benefits. FDA said the result are not believeable
Thats the beginning and the end of it. Once that is clearly defined, with the terms of the conditonal approval, the next phase will be did their actions artifically raise the stock price.? Were there significant losses to shareholders when the FDA made their statement? Now what are the damages
Ball Is in your court.............roflmao
Shareholders need to know their rights and the events of the day and the history behind this product. They also need to know if the product had consitional approval and what were the terms of the approval. Do not worry about me. Let the shareholders decide what they need to do. I stand with the FDA statement at this time. They know this drug and they know the effects of this drug. The FDA is not worried. Think about that. They said OREX data is unbelievable and unreliable. Think about that statement for a second. The FDA will do what it needs to do. I am very thankful they said what they said before this stock went to $30. I am not happy for shareholder loss of value. I will say this there is not enough time for OREX to solve their problems. The FDA has to do something.
It would be funny to see Takeda cancel their arrangment with OREX and then sue them
The street is going to rip this company apart
It was all wrong..that is the beginning and the end of it