She Blinded Me with Science: Investing in Biotech
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Prior to the adoption of the Pure Food and Drug Act in 1906, quack medicine was largely the norm. With potions consisting primarily of water, alcohol, opium, and herbs, these “patent medicines” did little to advance good health, ease suffering, or heal disease. Do you have depression, epilepsy, constipation, kidney and bladder problems, or just general disability? Try H.T. Humbold’s Genuine Fluid Extracts.1 Lumbago, gout, or a sprained ankle got you down? There’s Stephan Sweet’s Infallible Liniment, made from, you guessed it, snake oil.2
KeywordsHedge Fund Orphan Drug Initial Public Offering Wall Street Journal Regulatory Filing
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