Jan. 6 at 9:37 PM
$TXMD For those that don't know, TXMD is majority owned by Rubric Capital. Rubric Capital is run by David Rosen. David Rosen is the protege of Steven Cohen. Steven Cohen ran SAC Cap, now Point 72. David Rosen started Rubric as a side-bitch of SAC Cap and was given his own team
$150M by Cohen to get it going.
Eventually, the infamous SAC Cap and Cohen.....(FYI, Bobby Axelrod and his fund AXE Cap was based off of SAC Cap & Cohen).....was busted by the government for insider trading. The fund was disbanded and Cohen eventually went on to form Point 72.
When SAC Cap was broken up, David Rosen had received Steven Cohen's blessing to take Rubric and make it his own individual fund. It is now a multi billion dollar fund.
At the time, Steven Cohen & SAC Cap was considered the GOAT of bio investing. Everything they touched turned to gold, due to intense DD, and yes, insider trading
Rosen knows whats up. Taught by the GOAT. TXMD is one of his babies. Big things are happening right now
