Ayala Pharmaceuticals Inc (ADXS)

[terry hallinan]

Morning, Dew.

ADXS, INCY enter clinical-trial collaboration

So? [mild smile]

I see no reason to get wildly excited by another Big Pharma joining the rush to get its wannabe in trials with ADXS' Listeria vaccine except for the new attention by the imperious overlookers.

Imagine what a deal similar to Aduro's with J&J would do for ADXS' pps but also loss of control through a monster dilution?

Hard times usually lead to huge advantages for those who did the deed in the first place.

Best, Terry