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Biotech / Medical : HEB, Hemispherx Biopharma (AMEX)NEW -- Ignore unavailable to you. Want to Upgrade?


To: Bill Wexler who wrote (816)3/17/2004 2:51:13 PM
From: StockDung  Respond to of 857
 
Tops With The Shortbusters

yahoo.businessweek.com

The shortbusters are back--the ShortBusters Club, that is. Founded in 1990 by maverick money pro Ray Dirks, the ShortBusters have dueled with such daring short-sellers as the Fesbach Brothers group, by recommending and buying up shares that the Fesbachs were shorting. After lying low for years, the ShortBusters are back in business, says Dirks--with so many stocks ''under siege, in many cases unfairly and unjustifiably.''

Heading the list of heavily shorted stocks that Dirks's crew is defending: Organogenesis (ORG), which plummeted from 37 in late April to 12 5/8, and Hemispherx BioPharma (HEB), which fell from 12 1/2 on Sept. 9 to 5 on Sept. 25. Hemispherx is now back above 8.

Both stocks have been featured in this magazine. Organogenesis was mentioned on Aug. 5, 1996, and Hemispherx was highlighted in this column on Sept. 28, 1998, when it was reported that the shorts called its lead product, Ampligen, unsafe and defective. ''They're wrong,'' says Dirks.

Demand for its Apligraf, a human skin equivalent, has been strong, and orders are up, with more expected. Dirks says Hemispherx is within two years of commercializing a new class of drugs for chronic viral disorders. And Ampligen is in Phase 3 of clinical trials for the treatment of chronic fatigue syndrome, with patients paying the cost of the drug. Says Dirks: ''If the drug was unsafe, the FDA wouldn't have permitted its use in this manner.'' Hemispherx, he says, aims to develop an oral version of Ampligen, called Oragen, as well as other products for treating viral, immune deficiency, and cancerous conditions.

Whether or not the ShortBusters will be able to rescue these stocks remains to be seen. Meanwhile, the battle is on.

BY GENE G. MARCIAL



To: Bill Wexler who wrote (816)11/12/2004 1:10:05 PM
From: StockDung  Respond to of 857
 
Released by FDA: 7/7/00. Posted by FDA: 7/17/00

William A. Carter, M.D.
Chief Executive Officer
Hemispherx Biopharma, Inc.
One Penn Center
1617 JFK Boulevard
Philadelphia, PA 19103

RE: AMPLIGEN (POLY I:POLY C12U)
MACMIS #8800

Dear Dr. Carter:

This letter concerns materials disseminated by Hemispherx Biopharma, Inc. (Hernispherx) for its product, Ampligen, which is an unapproved new drug and the subject of an Investigational New Drug Application (IND) with the Food and Drug Administration (FDA). The Division of Drug Marketing, Advertising, and Communications (DDMAC) has reviewed these materials as part of its routine monitoring and surveillance program. From its review, DDMAC has concluded that Hemispherx is promoting Ampligen as safe and effective prior to approval, in violation of the Federal Food, Drug, and Cosmetic Act (Act) and its implementing regulations.

BACKGROUND
Ampligen is an investigational new drug manufactured by Hemispherx Biopharma, Inc. The generic name of Ampligen is poly I:poly C12U. Hemispherx has indicated that it intends to develop Ampligen for the treatment of individuals with human immunodeficiency virus (HIV) and Chronic Fatigue Syndrome (CFS).

We previously issued an untitled letter, dated October 15, 1998, to Hemisphcrx for promoting Ampligen as safe or effective while the product was under investigation. In our letter, we informed you that your activities were in violation of the Act and applicable regulations. In your response, dated October 29, 1998, you assured us that Hcmispherx would discontinue or revise all materials concerning Ampligen to conform with the Act and regulations.

However, notwithstanding your assurances, you continue to promote Ampligen as safe and effective prior to approval in your press releases and on your Internet website. Such activities constitute promotion of an investigational new drug as safe or effective in violation of the Act and its implementing regulations. In addition, your promotional materials are false or misleading in that they fail to disclose facts that are material in light of representations made about Ampligen.

PRESS RELEASES
Hemispherx promotes Ampligen as safe and effective in several press releases. In addition, Hemispherx fails to reveal facts that are material in light of representations made about Ampligen.

Safety
In press releases, Hemispherx promotes Ampligen as “generally well tolerated” or “well tolerated” but fails to disclose risk information associated with the use of Ampligen. For example, in your press release dated February 17, 2000, entitled “Hemispherx Files for HlV Emergency Treatment IND and Phase II/III Trials,” you state, “To date, Ampligen has been studied in 126 patients and has been consistently well tolerated in its trials.” However, toxicities that have been reported in dose-escalating studies of Ampligen in HIV-infected patients include, but are not limited to, flushing, chills, fever, chest tightness, nausea, malaise, shortness of breath, flu-like symptoms, leukopenia, neutropenia, and leukocytosis.

Effectiveness
In your February 22, 2000 press release, you present that, “. ..Ampligen demonstrated synergistic activity with anti-retroviral therapy leading to potential enhanced suppression of replicating HIV virus....” Similarly, in your press release of December 16, 1999, entitled “Hemispherx Announces New Approach to HIV Multi-Drug Resistance,” you state, “...multiple HlV genetic mutations that made the 14 anti-HIV drugs approved by the Food and Drug Administration (FDA) ineffective did not diminish the pronounced anti-viral effectiveness of Ampligen.” These statements make conclusions concerning the effectiveness of Ampligen, an investigational new drug, in violation of the Act and its implementing regulations.

INTERNET WEBSITE
Although some of the materials referenced below were originally issued by third parties, this letter does not concern the third parties or their original communications.

Your website, www.hemispiherx.com, contained a direct link to transcripts of Dr. Mazien’s CFS Radio Program, which promote Ampligen as safe or effective. For example, the linked transcript from Dr. Mazien’s CFS Radio Program from February 28, 1999, presents the following conversation between Dr. Mazien and Dr. Paul Cheney:

First, of all, there’s no doubt in my mind as I’ve seen it in clinical practice that this drug [Ampligen] is bioactive in this syndrome [CFS]


Ampligen also has potent antiviral properties as well...


The other parallel issue for Ampligen is that it appears that the longer that you take it, if you are responding to it, the better the outcome...

Further, your website is directly linked to a web page containing anecdotal reports of CFS patients who participated in clinical trials. For example, on the “Other CSF Links” page on your website there is a link entitled, “The ‘Ampligen 511 Panel’ Patients Speak About Their Experiences with Ampligen at the AACFS Conference.” The link goes directly to the patient testimonials that are located at www.cfids-me.org. These patient testimonials promote Ampligen as safe or effective prior to approval. The following statements are examples of patient testimonials:

.. .after 10 years of consistent abnormality, a return to normal ranges/or the first time, with Ampligen being the only new variable in my life, clearly demonstrates the efficacy of this drug


Unlike IV gamma globulin, Ampligen is not offering me only symptomatic relief. I am healing from the inside out.


There has been a dramatic improvement in my quality of life


Call me Lazarus.. .the only reason Jam here and functioning pretty well today is Ampligen. I have absolutely no doubts about its efficacy in the treatment of my illness


No Adverse Effects—And Immediate Benefits to Boot - The Ampligen Bounce

Lastly, your website also contains press releases, including but not limited to those previously described, that promote Ampligen as safe or effective.

REQUESTED ACTIONS
Hemispherx should immediately cease dissemination of materials or activities that contain these and similar claims, representations, and conclusions concerning the safety or effectiveness of Ampligen. In addition, Hemispherx should respond in writing no later than July 21, 2000 describing its plan to comply. Hemispherx should also include a list of materials being discontinued, as well as the date of discontinuation.

We note that the link from your website to Dr. Mazlen’s CFS Radio Program has been discontinued since March 10, 2000, however, the link to the patient testimonials is currently active.

Your response should be directed to the undersigned by fax at (301) 594-6771, or at the Food and Drug Administration, Division of Drug Marketing, Advertising and Communications, HFD-42, 17B-20, 5600 Fishers Lane, Rockville, MD 20857. DDMAC reminds Hemispherx that only written communications are considered official.

In all future correspondence regarding this particular matter, please refer to MACMIS ID #8800.

Sincerely,

Ele-Ibarra-Pratt, RN., M.P.H.
Regulatory Review Officer
Division of Drug Marketing,
Advertising, and Communications

pharmcast.com



To: Bill Wexler who wrote (816)4/2/2011 8:46:31 AM
From: StockDung  Respond to of 857
 
Yet another fraudulent hedge fund tied to
HEMISPHERX BIOPHARMA INC (HEB)

----------------------------------------------------

HEMISPHERX BIOPHARMA INC (HEB) S-3 filed 12/8/1998
IN WITNESS WHEREOF, the Undersigned has executed this Subscription
Agreement on this 20th day of July, 1998

750,000 (Number of Shares Subscribed for) x $3.00 per share = $ 2,250,000

Value Management & Research, AG
--------------------------------------------------------------------------------
Exact Name in Which Title is to be Held

S/ Florian Homm
--------------------------------------------------------------------------------
(Signature)

Florian Homm
--------------------------------------------------------------------------------
Name (Please Print)

Managing Partner
google.brand.edgar-online.com

==============================================
lexology.com
* Foley & Lardner LLP
* Peter D. Fetzer and Terry D. Nelson
* USA
*
* March 28 2011
* Foley & Lardner LLP logo

Peter D. Fetzer Author page » Terry D. Nelson Author page »

As still another example where the SEC has stepped-up its investigation and enforcement activities in connection with fraudulent activities involving hedge funds, the SEC recently filed charges in U.S. District Court (SEC v. Ficeto C.D. Cal., No. 2:11-CV-01637-6HK-RZ, 2/24/2011) in connection with an alleged international share manipulation scheme against a hedge fund trader, two firms, and two associated securities professionals. The scheme allegedly generated more than $63 million in illegal profits for the defendants.

According to the SEC's complaint, from 2005 – 2007, Florian Homm (Spain), Todd Ficeto (Malibu, California), and Colin Heatherington (Canada), through an affiliated broker-dealer, purchased shares of microcap companies in reverse mergers, manipulated the share prices through a variety of devices, and then sold the shares at deflated prices to various offshore hedge funds controlled by Mr. Homm. The scheme, according to the complaint, allowed the hedge funds to overstate their performance and the funds' values by more than $440 million, and the defendants collected more than $63 million in profits through stock sales, commissions, and sales credits.

The SEC charged the defendants with anti-fraud violations and is seeking permanent injunctive relief, disgorgement, interest, and monetary penalties. In a related matter, the SEC filed cease-and-desist actions against Tony Ahn, primary trader for Hunter World Markets, Inc., the involved broker-dealer, and Elizabeth Pagliarini, Hunter World Markets' Chief Compliance Officer, over their roles in the scheme. Mr. Ahn was accused by the SEC of executing the trades that manipulated the stock prices, and Ms. Pagliarini was accused by the SEC for failing to supervise Mr. Ahn's activities and further aiding and abetting the broker-dealer's violations. Mr. Ahn and Ms. Pagliarini have settled the charges with the SEC, with Mr. Ahn agreeing to a five-year industry bar and to a $40,000 penalty. Ms. Pagliarini agreed to be suspended for one year from a broker-dealer supervisory capacity and a $20,000 penalty.