To ImClone supporters, that offer is a validation of the company's cancer drug, Erbitux, whose potential they say had been obscured during the height of the stock trading scandal.
For Mr. Rubinstein, the warm reception to Palm's announcement — shares gained after the new devices and a carrier partnership were announced — was a validation of the company's recent efforts.
Theranos announced Thursday that the U.S. Food and Drug Administration had approved the test for herpes simplex 1 virus and called the move a validation of the company's approach and technology, which strives to make blood testing cheaper and less painful than traditional blood draws.
Harvestland's success was a validation of the company's efforts to rid its operations of antibiotics, and in 2011, FPP Family Investments, which owns Perdue, bought Coleman Natural Foods, a producer of organic and "natural" meats, overnight adding pork and beef to its product lines for the first time.
But getting Fox on board will provide a great deal of validation for the company.
Danielle D'Agostaro, who is a partner and VP of operations at Alchemist says the funding is real validation for the company.
Crist also noted that he sees HP's participation in this round as validation for the company's strategy.
The deal sees the return of its entire fund so far, and, arguably, is validation that the company builder's lean model is working, albeit modestly.
The funding round is great validation for the company's seemingly abrupt shift in focus, as is the company's recent financial performance.
Last month, in Kalyaninagar store in Pune, Govindbhog rice outsold even the local varieties, a surprisingly quick validation of the company's efforts.
