Opalapril, Ellen M. Martin must stay in the Job.
I do not think is her fault.
It is Jack Castello who must resign.
He has no vision to understand the disaster coming around and to clearly state as a CEO and as a company where things stand. Now he is letting Ellen do the work alone.
Jack Castello cowardice moved 5 million shares so far during half day of trading.
It is not going to hold at $5 today, is on the way to $ub1.
Ellen M. Martin, my apologies. Thank you for the phone call
(She call me, but I am not a shareholder anymore, We did not talk beyond hello). Nothing personal, plain business.
"scheduling meeting to determine adequacy for filling a BLA"
No guts, file the BLA and let the independent panel review it. Cephalon and Corr follow this path.
And should they keep wasting money in the trauma trial? Very clever " a meeting of an independent DSMB is scheduled for September to do an interim safety and EFFICACY analysis"
It is not true the anaysis last days and days. Some $100 million expend over two years and they only have "preliminary" results. Any 386 could do this in couple of days (I have work in Anova and Manova, regression analysis, and the likes, I have seen how computers do in seconds what I have to do with a calculator for several hours or days back in my third world country )a Pentium will do it in a few minutes, this data is surely well organized. There is a Xoma statistician who knew all along the results and he probably was ready to have everything ready in couple of days once the final bits of data came in.
But, if Jack Castello could not predict today's upheaval, how can he have the data?
Worse, maybe Jack Castello did have the data, he just could not move, like todays mess.
Leaving it all to Ellen M. Martin, just pure cowardice. |
