Ayala Pharmaceuticals Inc (ADXS)

[friendofthedevil]

The lesson with that company was you never know where your success ( or failure) may come from.

I was invested because I thought their subunit intranasal vaccine would be the market leader. (This was before FluMist was approved, though I had a good investment in that as well). Well, the Canadian gov wouldn't let a foreign pharma buy a flu antigen plant on Canadian soil and IDBE purchased it to supply their own vaccine. It never got that far since once they were owners of the plant, big pharma got the plant anyhow by buying the whole company, lock, stack and barrel for five times the past year's avg SP. As you noted, they then buried the technology and continued to make standard flu vaccines for sale.