Who invented allegra

But royalties the company has earned from Allegra-maker Aventis SA France since made it easier to attract world-class scientists to Albany and to build the "technology platforms" the company needs to prosper. So in that sense, it has really given us a leg up in the industry," said D'Ambra, who earned a Ph. D'Ambra receives 10 percent of the Aventis royalties. It means D'Ambra's wife, Constance won't ever have to man a New York State Thruway toll booth again, as she did when he was struggling to get Albany Molecular started and the couple needed money to keep three kids in private school.

And it means he can build a barn for thoroughbred horses on his Vischer Ferry property, where he moved to from Wynantskill. But Allegra can be a mixed blessing, D'Ambra said. In some quarters of the pharmaceutical world, there's a sense Albany Molecular doesn't deserve the royalties, that the firm "might have done something shady to get them," D'Ambra said.

Shortsellers exploited those reports to drive down the price of Albany Molecular stock and profit on their sales of borrowed Albany Molecular stock as its value drops, D'Ambra said.

They will even put out rumors to drive [the price] down. They have all these businesses that cater to them to put out these negative stories to drive the price down. The Allegra connection also means the press and analysts focus too much on that one product when they look at Albany Molecular, D'Ambra said. A recent press report implying that Albany Molecular might sell its Allegra patents was "outrageous," D'Ambra said. A remark in a conference call about how the company was considering all options for growth, including the sale of the Allegra patents, became a headline, he said.

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