Theratechnologies Inc T.TH

Novo Nordisk buys Inversago Pharma

[jfm1330]

You want to depress a little more about Thera ? Today a news came out that Novo Nordisk was buying Invesago Pharma, a drug development company based in Montreal. The founder of this company is Francois Ravenelle. He started it after he left Thera in the John Huss era. He was not even a V-P at Thera, just a director or something like that. So in about 10 years this bright guy was able to build a company that is now acquired by a big pharma for up to 1.075 billions US. This guy should have been V-P of pharmaceutical development at Thera, then the CEO.

[Trogarzon]

Get the guy on Th BOD... maybe they can learn something.

[SPCEO1]

As we all know and as you in particular know from your own experiences, life is strange and full of unexpected developments. I am glad for him and I continue to pray that you might be seeing some similialrly positive developments in your life. It is nice to know something positive happened to someone connected to THTX - maybe we will yet all be ultimately happily surprised by what happens to THTX.

[jfm1330]

It's making headlines here in  La Presse newspaper. As the article states, Inversago is the third Quebec's biotech bought for over a billion US in the last two years. They call the Inversago deal another homerun. Use Google traslate to read it in english. At the same time Thera's market cap is 40 M$ US. The only optimism you can get out of these stories of buyouts, is that it'