Tuesday, April 22, 2014

Trivial, But "No Surprises Here" Department: Ex-CEO "Fast Fred" Hassan (Or His Family) Backed Later Ventures By Former Notorious Hedge Fund Bio-Science Short Seller.


Far be it from me to throw rocks at Fred Hassan's all glass houses. Hah. R-i-i-i-i-i-ght.

It is trivial, I grant you that. But this one deserves mention, just the same. Do go read the BusinessWeek article. Start to finish -- truly. This young man is apparently trying to convert from the dark side -- to the innovator role, in branded bio-science. I wish him well. But the company he has kept, since 2004, apparently -- is rather telling. Do go read -- here's a bit:

. . . .In 2011, Shkreli used $3 million raised from MSMB investors to start Retrophin. In addition to Blanton, Retrophin’s initial financial backers included the family of Fred Hassan, former CEO of pharmaceutical giant Schering-Plough, to whom Shkreli introduced himself at a pharmaceutical conference in 2004.

To realize his aspirations with Retrophin, Shkreli had to grow up in more ways than one. . . .


Just read the article. I think the two were cut from the same cloth. I'll stop there. Have a great evening, one and all!

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