On June 11, 2016, Seymour had one of his people broadcast this message, where he backtracks and says the universities don't have the expertise or equipment to do the testing.
Either Seymour is lying here, or he was lying to the investing public when he presented that schedule in Jan 2016:
"Since the end of June marks the end of our fiscal year, this is an opportunity to write a CEO letter that addresses these concerns.
Unfortunately, most non-scientists don’t understand the complexity of the outside testing process. This is not like a pathology lab where you send in a sample for analysis, the sample is tested using a standard protocol and the results are sent back quickly. Our staff has the equipment and the knowledge to do this testing but you always want independent analysis. In the future, as we do this multiple times with different drugs, the universities will have developed their own verifiable and reproducible protocols
All of our new hires receive months of training, no matter what their background is. We have to help educate the university scientists.
Our university and commercial collaborators need our help in setting up their testing protocols. They have to run multiple positive and negative controls to verify that their results will be reproducible. Then they run the samples multiple times. An animal protocol has to be developed, tested, verified and then run again looking for consistent results.
Nanotechnology is generally new to these universities, especially working with polymeric nanomicelles. We have 25 years of experience. We also have millions of dollars of specialized testing equipment that lets us do very sophisticated analysis. Unfortunately, the universities don’t have this equipment!
That’s why it's taking so long"
A casual stroll through the lunatic asylum shows that faith does not prove anything. Friedrich Nietzsche
