Jun. 11 at 4:21 PM
$FBIOP $FBIO $TGTX
One of the reasons I've limited my exposure to being higher in the cap structure here, is because MW and LR ended up on the wrong side of Adam Feuerstein (and others) several years ago with the National Securities bungle.
Trust is easily broken, but not easily earned.
I am glad to see TGTX break out, and I'm hopeful that Mike Weiss and Rosenwald are successful at earning trust back with continued ethical execution in their portfolio of assets.
They are sitting on some excellent assets, and I hope they will do their utmost to earn positive coverage leading into the eventual denouement for both TGTX and Fortress Biotech.
The fact that Opaleye has returned to Fortress commons with 1.09m shares is indicative of this potential progression.