NanoViricides Inc (NNVC)

[arvitar]

NNVC is beyond VC stage.

LOL. VCs have funded, and continue to fund, pharmas all the way through Phase-IIB. Many IPO's of companies with drugs in Phase-III are funded by VC's

It's more accurate to say, there's not a snowball's chance in hell any VC fund would consider putting money into a company with management that has failed to move the ball after 12 years and $70M spent. It doesn't matter what the excuses are. There are too many other companies to invest in with management who has accomplished far more with far less.

VC's often invest primarily in management. i.e. The management team must have some track record of previous success in the area in which the company does business.

Then there's the shareholder structure and relationship with Theracour that would be immediate deal-killers. Any VC would demand a complete restructuring of all of that, which probably wouldn't appeal to Seymour and Diwan.