"The allegations focus on Ramaswamy’s pharmaceutical company, Roivant Sciences, which was touted as a biotechnology innovator. Instead, detractors argue, the company primarily acted as a financial vehicle. One of its most high-profile projects, Axovant, revolved around an Alzheimer’s drug that Ramaswamy acquired for $5 million. The drug became the cornerstone of a public relations blitz, pushing the company’s valuation to $2.2 billion before its eventual collapse. Axovant’s downfall came swiftly when the drug failed clinical trials in 2017. By then, Ramaswamy had reportedly cashed out nearly $40 million during the company’s hype cycle, a move critics describe as indicative of a pump-and-dump operation. The stock plummeted, wiping out thousands of retail investors who had bought into the hype."

india missed all the golden chances..since it accepts the IT service model ippudu kottaga vachhi..ayyo semicon... ayyo manufacturing...ayyo bio..ayyo...adi ayyo idi..ani dont do fake cry our politicians..specially telugu politicians..gave hype to IT and ...made us as IT professionals... thats why IT Minister job is so popular than Home Minister job or any Minister Job now a days...

"In 2015, Ramaswamy raised $360 million for the Roivant subsidiary Axovant Sciences in an attempt to market intepirdine as a drug for Alzheimer's disease. In December 2014, Axovant purchased the patent for intepirdine from GlaxoSmithKline (where the drug had failed four previous clinical trials) for $5 million, a small sum in the industry. Ramaswamy appeared on the cover of Forbes in 2015, and said his company would "be the highest return on investment endeavor ever taken up in the pharmaceutical industry."Before new clinical trials began, he engineered Axovant's initial public offering (IPO); it became a "Wall Street darling" and raised $315 million. The company's market value initially soared to almost $3 billion, although at the time it only had eight employees, including Ramaswamy's brother and mother. Ramaswamy took a massive payout after selling a portion of his shares in Roivant to Viking Global Investors. He claimed more than $37 million in capital gains in 2015. Ramaswamy said his company would be the "Berkshire Hathaway of drug development" and touted the drug as a "tremendous" opportunity that "could help millions" of patients, prompting some criticism that he was overpromising. In September 2017, the company announced that intepirdine had failed in its large clinical trial. The company's value plunged; it lost 75% in one day and continued to decline afterward. Shareholders who lost money included various institutional investors, such as the California State Teachers' Retirement System pension fund. Ramaswamy was insulated from much of Axovant's losses because he held his stake through Roivant." Almost similar to theranos scam ,lied about second trails being successful.

i dont know how to say to you.. in global trade and geo politics...manaki upper hand vunte adi business...leda manam opposite lower hand lo vunte adi dopidi sometimes antha kante daarunam...thats the hidden rule in global trade...may be you are not seeing that fact in patriotic lenses... in this china trade...who is going to be upper hand? ask yourself i dont have more words and patience to explain beyond that.. leave it here..

at what cost? why you care so much about heros/producers/distributors income? that producers, distributors, exhibitors..etc are thinking about your income and your affordability of ticket prices?