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Discussion in 'Novavax' started by Anonymous, Oct 28, 2011 at 10:23 AM.
What was the story with his ouster?
He Wanted To Spend More Time With His Fambly
There may have been a perception of hype that did not mesh with the reality of an inferior product that needs alot of further work, but of course that is expensive, and leads to a more expensive and more slowly manufactured product. Look at the company Protein Sciences in Meriden CT to figure this one out. Dirty, sloppy insect-cell based products may have along way to go. Glaxo succeeded with Cerverix, but that's a different insect and they spent alot of money to get that approved. And it was not worth it.
There were a number of cookie jars involved- organic and inorganic.
The true story is way more interesting than that.
I am told that indictments are being readied, and that he has surrendered his passport.
The grand jury convened yesterday, so there should be some news in a few weeks.
I have heard that RS fired his lawyer last week. This will get interesting.
There is an appeal to delay for medical issues. More later.
That's not entirely true, the main claim was hardship.
Now they entered a jurisdiction argument- PA or MD.
They STILL haven't decided. This will drag on for a long time...
The next phase has started for plea bargaining. Trying to get a reduced or no sentence in exchange for complete cooperation.
He went back to India, Hyderabad possibly.