As far as I know Weis can keep OVIT dormant indefinitely.
In my opinion, OVIT doesn't have anything to offer any other biotech, OVI-117 is a joke and it's patent time is almost up anyway, so even if someone wanted to develop it, they probably wouldn't waste time, unless the patent was extended, to recoup the development costs and make a profit on sales, but like I said, OVI-117 in my opinion is a joke.
OVIT outright lost OVI-123 and it was based off of a fungus that literally grew on cow poop. OVIT doesn't have a real office, or real employees and no work to contract out to anyone. In my opinion, OVIT is a great, big, scam joke.
Now that I've said that, Weis will prove me wrong and OVIT will reverse shelled and kaboom, up OVIT goes.
Weis was so dumb, he never should have allowed OVIT to get sued, by dumbly selling too many shears to one investor.
FEATURED Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM