Subject: Re: WST
“ I generally shy away from direct investments in pharma and biomed firms…”

Despite the fact my career was in health care, I’ve just found them to be in the “too hard” pile. Was burned early awaiting safety & efficacy & approval in clinical trials for FDA approval only to watch a couple names tailspin after disappointing results.

Enjoyed modest conservative Allergan & Alcon holdings many years ago, but not interested in the sector much anymore, from an investment standpoint.