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Telomir
Our directory is great, but never perfect. Still, we would have expected to have heard of a drug company before it filed for an IPO. Not true in this case. Telomir Pharmaceuticals has flown under the BPG radar since its founding a whole...10 months ago and is now trying to get people to give them $14M.
(Article says founded in 2021, but the state of Maryland says Jan 2023)
You might ask yourself how much progress a drug company founded this year could possibly have made and you may have guessed the answer is 'roughly none'. Their product has not yet been administered to a single human being.
Good luck to both buyers and sellers in this deal.
Eggs, Baskets and Such
Amyris was/is a synthetic biology company that got a lot of money from investors, went public and only later did people realize they had no valuable intellectual property nor a sustainable business model.
Thus, they filed for bankruptcy and as a result, shareholders will be wiped out and a syndicate that loaned them money to stay afloat will take ownership of the major remaining assets. Retail investors will lose.
Some who lost their investments wrote letters to the bankruptcy judge pleading for the company's best parts to not be given away, leaving them with scraps. Article is paywalled (cough*javascriptwalled*cough), but here are a couple highlights:
“…said he invested more than $400,000 of his life savings in Amyris”
"We are a middle-class family trying to do the best for kids' futures,"…father of two children, ages six and nine, who invested more than $66,000 in Amyris. “I now worry about my kids' futures more than ever…"
It’s certainly sad when people lose money, but how bad should we feel for someone who had enough money to invest $400,000 in a single company. Hello? Diversification, anyone?
At least the other guy only lost $66k, but still WAYYYY too much to have in one company if $66k is a meaningful loss to you.
Team Roast - British Invasion
If you missed it the Beatles came out with a new song a couple weeks ago. Was pretty good for a half dead band. And you know what else is back? That moppy hair. Ok maybe only at Soley Therapeutics. They sure love, love the do.
Gesundheit
Ardelyx received the coveted orphan drug designation for their potential pediatric hyperphosphatemia treatment. It’s already approved for a niche adult treatment and so has an existing formal name, and what an amazing name they chose:
XPHOZAH
Daaaaamn, that’s probably the best bingo in the history of Pharma Scrabble.
Team Ghost
If a board member is absent on picture day, you have options. You can take the picture at a later date. You can choose not to include a picture. There are surely many other reasonable things a web designer can do. But what is a pretty strange thing to do is to include a photo backdrop with no person.
From this picture, the most reasonable conclusion we can draw is his image used to be there, but then John Devane got into a crazy old man's DeLorean, went back in time, accidentally managed to have his mom fall in love with him then failed to foist her onto his decidedly uglier and less cool dad.
No two ways about it - The Switch was as impossible back then as it is now.
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