Best Of FORBES: 'Transcendence' Bombs, Square Must Sell Itself Fast

Apr 21 2014, 4:28pm CDT | by

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“In a second dramatic reversal for a promising treatment for a terrible disease, Sarepta Therapeutics announced that it will file an application with the Food and Drug Administration for its drug eteplirsen, to treat Duchenne muscular dystrophy that is caused by a specific mutation, by the end of 2014. The news should please both investors and patient advocates who have campaigned for the drug’s approval” — Matthew Herper. Read What Sarepta Needs To Do Next To Get Its Muscular Dystrophy Drug Approved

“Toymaker Hasbro — the company behind toys like Furby, Play-Doh and My Little Pony — reported stronger-than-expected earnings Monday, largely due to the segment that proved to be the achilles heel of competitor Mattel: the girls’ toys segment, which saw sales increase 21% for the quarter” — Maggie McGrath. Read Hasbro Swings To A Profit On Strength In Girls Segment

“Shares of Nu Skin opened in the green Monday after a weekend announcement that the company is resuming business in China, holding meeting in the country immediately and accepting applications for new sales people starting next month” — Samantha Sharf. Read Nu Skin To Resume Business In China After Pyramid Scheme Allegations

“When Don Hodges graduated from college, a career in managing money and picking stocks wasn’t really part of the plan” — Steve Schaefer. Read Lone Star Stockpicker: The Wit And Wisdom Of Don Hodges

“The United Auto Workers union said today it’s withdrawing its objections to a high-stakes unionization vote that it lost in February at a Volkswagen factory in Tennessee” — Bill Koenig. Read UAW Ends NLRB Appeal of Volkswagen Union Vote

“The clock is ticking for Square. Jack Dorsey’s payment start-up is burning through massive amounts of cash as it tries to scale its payments business. Today the Wall Street Journal–citing unnamed people in-the-know– reported that Square lost $100 million in 2013 and is quickly eating up its $340 million supply of venture cash. Because of the cash bleed–Square is seeking a suitor desperately” — Steven Bertoni. Read Why Square Needs To Sell Itself–And Do It Quickly

“George Koppelman and Dan Wechsler may have found the Holy Grail of rare books—a dictionary they claim was owned and annotated by William Shakespeare. If their assertion is true, this book could provide amazing insight into how Shakespeare crafted his plays, poems, and sonnets, all of which feature his highly inventive wordplay and have thus shaped how modern English is used today” — Sunday Steinkirchner. Read Holy Shakespeare! A Rare Book Find Shakes An Industry

“Transcendence opened last weekend and is pretty much the very definition of a bomb. The $100 million production opened with just $11 million. With poor reviews, no buzz, and the summer season just around the corner, it’s sure to sink fast and needs an overseas miracle to have any hope of recouping its respective expenses” — Scott Mendelson. Read Johnny Depp’s ‘Transcendence’ Is A No-Fault Box Office Bomb

 
 
 

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