Ayala Pharmaceuticals Inc (ADXS)

[raja48185]

Too many irons in the fire since a long time and now the fire is no longer hot and the irons are getting cold.

When a company has raised capital to the tune of 100 of millions and has no revenue coming in, how can they be involved in so many trials over such a long period of time, not realizing that they will run out of money before making any money.

So where do they find the coal to light up a new fire (pun intended)- raise more money, or sell HER2 or get a partner who will hopefully make a nice upfront payment with EU approval in mind.