Resverlogix: A Cautionary Tale
Mark Goodfield submits:As a Chartered Accountant, I cannot provide specific investment advice. However, the saga I am going to relate can only be construed as a cautionary tale in investing. I don’t think that any of you can construe this as advice. The saga began in the fall of 1996 when I was made aware of a biotech stock out of Calgary called Resverlogix (“RVX”), [[RVXCF.PK]] in the US. The company was working on a drug called RVX-208, which was meant to turn on Apolipoprotein A-I (“ApoA-). ApoA-1 is the major protein component of high density lipoprotein (HDL) in plasma. The protein promotes cholesterol efflux from tissues to the liver for excretion. In English, ApoA-1 helps increase functional HDL (the good cholesterol) to hopefully remove plaque from the arteries by reverse cholesterol transport (cholesterol is removed from the arteries and delivered to the liver for excretion).Complete Story »
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