Author: VitalyKatsenelson

By The original uploader was King of Hearts at English Wikipedia [Public domain], via Wikimedia Commons

Amgen – Biology vs. Chemistry

June 22, 2016 – Excerpt from Q2 2016 letter to IMA’s clients Purchase of Amgen: First we need to explain a peculiar difference between pharmaceutical and biotechnology companies.  A simplistic explanation would point to the sciences they pursue – chemistry […]

Image source: Pexels

Trumps Hates Them – We Love Them

A few weeks after Donald Trump was elected president of the United States, he was asked about pharmaceuticals prices. With typical rhetorical gusto, he declared, “Pharmaceutical companies are getting away with murder.” Well, my firm has been increasing our allocation […]

Image source: Pixabay

The Making Of A CAPITALISTIC PIG

I spent my youth in Murmansk, a city in the northwest part of Russia, located right above the Arctic Circle. Murmansk owes its existence to the port that, due to the warm Gulf Stream, doesn’t freeze during the long winters, […]

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Trump. Embracing Volatility We Are

It is a new year, and my crystal ball was supposed to have become magically unfogged by the turn of the calendar. Well, I hate to disappoint you, but it hasn’t. Unlike our new president, I lack certitude about the […]