ADXS CC is a good listen for highlighting the differences between the ADXS-NEO approach and cell-based cancer therapies. (ADXS-NEO extracts multiple antigens from a biopsy of a patient's tumor, but it does not extract whole cells.)
Amusingly, the sell-side analyst from Janney asked if ADXS's "double-digit" royalty rate from AMGN is as much as 50%. (The actual upper bound hasn't been disclosed.)
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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