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Saturday, July 15, 2017 12:03:51 AM
He didn't.
Ronin's charges were VERY serious, and the CC addressed precisely ZERO about the controversy.
Studiously ignored, in fact.
There were a couple of canned questions from two minor analysts after the prepared remarks.
Breezy responses. "MSK loves CAR-T, but also does PD-1 analysis."
Not good.
Better response from SK would have been:
"We fully believe in the outstanding potential of Bavituximab, and we are very, very concerned that our second major stockholder does not. MSK believes in us, but for some reason, Ronin disagrees with MSK."
BANG.
Didn't happen. Stock up sharply next week.
Best,
Joe Six
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