By: Adam Feuerstein | 02/03/14 - 10:46 AM EST
Bronte Capital fund manager John Hempton takes to his blog Monday to excoriate
(GALE) for marketing its fentanyl-based painkiller Abstral with free samples.
Hempton's blog post, titled, " Get your opiates for free: Capitalism meets the Zombie Apocalypse" is a must read. Here's a sample:
Galena's hot new product is a sublingual version of an old drug. The marketing ( on their website) argues this drug is really fast. To quote: "Patients preferred Abstral for speed". However to give it that extra marketing pizazz they are giving it away. Here is the pitch - which I believe as a matter of policy should be criminalized.* [I note that tobacco companies are not allowed to give free samples of cigarettes - and it is curious that same does not apply here.] The advert has an irony of its own. It shows a new-age style woman completely blissed out (with a smiling kid) and the slogan "time better spent." We have US corporations doing hippy-alternative-lifestyle drug marketing for drugs that are especially effective in turning you into a zombie. Capitalism meets the zombie apocalypse.It is as if Tim Leary was reincarnated as a cynical capitalist going for the mega-dollars.
10/22/14 - 11:52 AM EDT
10/22/14 - 08:39 AM EDT
10/21/14 - 09:29 AM EDT
10/20/14 - 10:56 AM EDT
10/15/14 - 04:07 PM EDT
10/24/14 - 14:29 PM EDT
10/24/14 - 11:30 AM EDT
10/23/14 - 12:59 PM EDT
10/23/14 - 11:52 AM EDT
10/23/14 - 11:41 AM EDT
David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.
Access the tool that DOMINATES the Russell 2000 and the S&P 500.