What’s the difference between wire fraud and mail fraud ? To be racketeering does the fraud have to be multiple times of the same fraud or a combination of different crimes ? For example if the leadership used a fake consulting group to bill Intarcia large sums so they could take the money is this kick back or embezzlement. What about bonus money paid based on fake claims to investors if they skim a percentage of the amount raised and pay themselves whole that be a form of money laundering. When the titanium inventory disappeared what does that count as ?
Having driven Intarcia into liquidation how can any of these Board Directors or Executives be allowed to be on any Company’s Board ? Gross negligence at best, willful surrender of any reasonable duty of care is shameful. Crushing Biolux into liquidation/bankruptcy should have red flagged the out of control Graves. What kind of Board ignores all warning signs, agrees with a consistent pattern of inaccurate public communication and repeated rounds of fund raising only to later say “we were surprised”. Really ? By what the failure to pass FDA inspection ? The imaginary “once a year” ?
Looks like Intarcia is beginning to build out the field sales force, using Publicis for the recruiting process. Anyone working for the company currently, able to provide some insight as to the culture, compensation, benefits, etc.?
when are interviews ?
a well established pattern of deception
During the September 2006 UBS Global Life Sciences Conference, Novartis’ chief marketing officer Kurt Graves was optimistic about the potential for Galvus as the company was rumored to be recruiting sales reps in advance of the drug’s approval. But FDA regulators burst Novartis’ bubble in February when they issued the drugmaker an approvable letter requesting more data on the drug.
By June, Graves, like the company’s hopes for Galvus, had also disappeared. He joined Cambridge, MA, biotech Vertex Pharmaceuticals as EVP, chief commercial officer.
Can Graves run away again ?
Owen are your ears burning ? Your friend is busy explaining how your lack of pharma experience burned Intarcia. So you took on quality and recommended the people ?
Wondering why Unicorn CEOs so frequently turn out to be psychopaths ?
new book just out “Trampled by Unicorns; Big Tech’s Empathy Problem and how to fix it” this can be found on Amazon
why does the big big lie turn out to be fraud ?
why do narcissistic personality disorders turn up time and time again ?
check the book out