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Theranos Series Finale
And so it ends (pending appeals). Elizabeth...sorry, Liz Holmes has joined her erstwhile COO/boyfriend in the federal prison system. He stayed in California while she is off to prison camp near Houston.
We all know famous people have a slightly different prison experience, but they go so far as to call it camp??
This camp is a 500-inmate, minimum security prison. Which means she will be kept separate from any dangerous people, thus living a safer life than millions of law-abiding Americans.
Justice!
Ballers
These are always funny - Avivagen issued a press release to share the news of an existing customer having bought more stuff than usual this month.
Give 'em a Pulitzer.
Neuralink
Reuters shed some light on how the animal oversight board at Neuralink is filled with employees, many who will benefit from doing whatever it takes to get a product to market. Great demonstration of the definition of a conflict of interest.
Then last week, Neuralink announced the FDA had ok'd a human clinical trial for their implantable neural device. The FDA responded to the news in the most governmental manner possible:
"The FDA acknowledges and understands that Neuralink has announced that its investigational device exemption (IDE) for its implant/R1 robot was approved by the FDA and that it may now begin conducting human clinical trials for its device"
Notice what they didn't say? They didn't say the trial was approved. But it probably was - might be privacy issues whereby FDA can't confirm or deny something, but private companies are free to share their news.
Team Photo: Linked Segments
Aastrid hooked up their entire 40+ person staff with matching shirts and got to taking a team picture.
The ladies in the front row attempted a human centipede, but one seemingly vetoed that effort. Then the left side of the back row decided to face the wrong way.
The garb was a good start, but they couldn't get their s**t together.
Grade: B
Capitalism 101
This article details how Horizon Therapeutics became successful without ever developing any drugs in-house. The implication seems to be that this is a bad thing, though it's basically the entire premise of the pharmaceutical industry these days. A big company buys a smaller company for its product/s.
But more broadly, isn't this the entire premise of most investing? Buy something and try to make money off it?
War on Brevity
A 46-word sentence as your mission statement? That’s more like a mission paragraph.
"Anuncia Medical is a neuro therapeutic device company currently solving the large unmet need in cerebrospinal fluid (CSF) management and neurocritical care of repeat revision brain surgeries by developing technology to monitor, treat, and prevent shunt occlusions at-home or in-clinic with clinically validated, noninvasive, ‘Breakthrough’ devices"
They lost us at “neurocritical care of repeat revision brain surgeries”.
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