Tuesday, March 14, 2017 10:53:26 AM
non FDA approval of the mfg plant screwed the pooch for this drug while competitors kept moving forward.
They now realized that they had to control their own destiny by having their own mfg plant in which they got low interest funding.
Their old Indian president was ineffective who was fired. The new people on the team have been inking deals.
They still have their PARRA-NEW drugs that yet to bear fruit and don't know the timetable for launch and hence,sales
They were able to sell their royalty stream for $6M Canadian to keep the lights on till revenues come in from sales next year
There is still litigation to be settled on their Suboxone drug.
I think maybe people are tired of waiting since the biotechnology sector that did not do well last year is moving along briskly.
I think they only have one choice to get the stock PPS up that is they have to bring revenues in as I do not think they will want to dilute the PPS at these prices
or go out of business or be sold at a cheap price. I don't think that Horst will do that as this is his baby and after all these years wants to be recognized and have his day in the sun
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