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Tourbillon’s Big Short Pays Off in Q3

Jason Karp’s firm posted a strong third quarter in part due to the collapsing price of a struggling biotech company.

Shares of biotechnology firm MannKind Corp., which specializes in therapeutic products for diabetes and has been in free fall lately, plummeted another 8 percent or so on Friday, to close at a new low of about $0.50 per share. This is bad news for MannKind stockholders but is particularly good news

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