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March 26, 2005
Man Invests In Daughter
When a man's daughter was diagnosed with Diabetes, he invested in a company that was attempting to bring a new drug to market to help diabetics. When the clinical trials went south, Wall Street and Johnson & Johnson fled like battered women into the night. Using his own mathematical analysis, he determined that the FDA had misinterpreted the results. He invested $18,000,000.00 in the company, that he'd earned by pioneering Voice over IP internet telephony and selling his company to Cisco. Last Wednesday, the Food and Drug Administration approved that drug, Symlin, for use by diabetics on insulin therapy. His investment is now worth $200,000,000.00, and his daughter, on the drug for 3 years now, is doing fine. They're celebrating in Barcelona right now.
Posted by Peenie Wallie on March 26, 2005 at 6:03 PM
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