The Globe and Mail reports in its Saturday, April 19, edition that Knight Therapeutics ($6.03) chief executive officer Jonathan Goodman (former CEO of Paladin Labs) insists his capacity
to make business decisions is
"perfectly intact and functioning
at a high level. I think, intellectually,
I'm as smart as I was."
The Globe's Richard Blackwell writes that Mr. Goodman was in seriously bad shape after a fall from a bicycle 2-1/2 years ago. Mr. Blackwell says it is clear that what Mr. Goodman calls
his "type A plus" personality is
fully intact. He is still competitive
and massively self-confident,
and he wants things his
way.
In just a few weeks of existence
Knight has raised more
than $250-million in private
placements -- a testament to Mr.
Goodman's reputation for managing
a growing drug company.
While Knight now has loads of cash,
and plans to acquire the rights
to sell many more drugs, the
firm has only one other
employee, chief financial officer Jeffrey Kadanoff,
whom Mr. Goodman hired on
day one.
Investors appear to think Mr. Goodman
can turn Knight into another Paladin Labs. Knight stock has risen by more
than 50 per cent since its first
day of trading in early March.
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