Beacon Pharma has some odd ideas of how RTT can be used with blockchain and crypto coins to develop new treatmentshttps://medium.com/@beacoinpharmaceutical/beacon-capitals-principal-grew-up-in-a-third-world-country-and-has-experienced-%EF%AC%81rsthand-the-need-7fe8300eed13 …
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In fact, Beacon pharma seemed to be largely focused on an initial coin offering - BeaCoin - before getting into the RTT racket.pic.twitter.com/nd6RFgrG3w
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There's also a confusing model of buying into their program with BeaCoin as a fund for pharma startups.pic.twitter.com/hE0kJxxMlG
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More recently, Beacon Pharma has entered into an agreement with Jupiter, Florida to create a pharmaceutical startup accelerator that seems consistent with the above model minus the discussion of BeaCoinhttps://www.palmbeachpost.com/news/20190206/beacon-pharmaceutical-bioscience-incubator-planned-for-jupiter …
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Notably, RTT has always been a big part of Beacon Pharma's business model. https://www.beaconpharmaceutical.com/blog/beacon-capital-s-investments-validated-by-the-passing-of-the-right-to-try-bill …
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See also, Beacon Pharma's presentation to the Jupiter City Council if you really want to get into the weeds (Item 13, about 12' in) https://jupiterfl.swagit.com/play/02052019-1568 …
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This seems like the same business model as Garr's BoH has and the partnerships he describes to
@pknoepfler sound like Beacon Pharmahttps://ipscell.com/2019/09/richard-garr-qa-on-right-to-try-firm-beacon-of-hope/ …1 reply 0 retweets 1 likeShow this thread -
But
@DonnaYoungDC says that Garr and Beacon CEO Nancy Torres Kaufman@Ihaveadream24 say they aren't connected. To be true, we need to accept that there are or were two CROs named Beacon of Hope, located less than 50 miles apart in South Florida, with very similar business plans2 replies 0 retweets 2 likesShow this thread -
Garr also seems well aware of Beacon Pharma as indicated by his 'likes' on LinkedIn.pic.twitter.com/1N3Ye8qmx5
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I'm not sure there is anything nefarious about all of this. It is just strange and opaque. When we're dealing with clinical trials, expanded access, and real people with real illnesses who are desperately hoping for better health, however, transparency is needed.
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Oh, I definitely smell something nefarious. I've always said RTT is all about the grift (well, that, and neutering the @US_FDA), and this sinks to high heaven of a confirmatory example.
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