Thursday, November 20, 2014 6:18:56 PM
Few points:
Sunil and Rubin knew all about this before they recently purchased more titan shares on the open market. Seriously, do you think they would have purchased shares thinking this news and agreement would negatively impact Titan?
Camurus's injectable won't even start Phase 3 trials until 2015, noticed the didn't even say what Q it would. Hence, leave out that info and spin as positive as possible. Meaning I would say either 3rd or 4th Q.
Then we have this statement filed under Camurus disclosure.
"Under a 2013 amendment to the license agreement between Titan and Braeburn, Titan is entitled to a low single-digit royalty on sales of certain such products, if approved for commercialization, up to a maximum of $50 million. "
Which to me means that Titan might get a low royalty from that deal too which could amount up to $50 million.'
But, hey maybe we might still meet one emotion poster's prediction on here of $1 by the end of the year...lol (sarcasm off now).
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