What are the highlights
Raised money, bought drug that failed in 4 trials.
Rename the drug.
Had his mom, take one of those failed studies, and ‘reinterpret’ (Falsify data etc) it as being successfull.
Go out and hype the “successful study” to push for your IPO.
Get your IPO... pump and dump, and then eventually release your phase 3 study that shows it failed, and stock goes to zero.
Guys a fraud, on every level
It’s really worth watching.
But essentially he and his financial partners bought a failed drug from GSK for $5M, then he had his doctor mother, among listed authors, do a new analysis on one of GSK’s failed studies for the drug, whereby they looked only at “completers” or those who didn’t drop out from the study or somehow not complete all the paperwork, by which they managed to find some statistically significant benefit when it was coupled with an already shown to be efficacious drug. (”Completers” of course are more likely not to have had adverse events and to have been trending to the positive during the study.)
This was enough for them to hype the drug, take it public through their fancy shell companies, and raise/make billions of dollars until the drug, of course, was once again shown to be a failure.