Classic, new diet pill
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I didn't catch the name of it, but today I saw a special interview with the CEO of a company that is in test trials of a new weight loss drug.
It was on the financial side of the stock going up on news of the trials being successful.
Here is the punch line. You guys will love it. They are calling a 5% average weight loss in 50% of the patients as successful. They have been on the medicine for like 6 months. Good god, that is horrible.
On top of that, they were bragging about how it works a lot like the Phen/Phan combination, but they are seeing no heart valve problems with it like the Phen/Phan. Are you kidding me!!!! The stock is up on news like this?