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Friday, December 01, 2017 5:03:25 PM
1. RG very skilled.... but demoted at DNA when roche took over...
2. RG had something to prove and he also is a big game hunter... so some ego redemption at play possibly.... but a loose canon with obama tweets which makes a lot of sense when one is in active dialogue with FDA...
3. The target to beat at the time was Avastin.... no brainer with Avastin safety profile.
4. PDL changed the entire picture and target... and fast... remember chemo was dead... until it's not and is back in the picture... and the non responders to pdl?
5. RG and crew were in the midst of all the pdl changes but had a side plan to see how bavi and pdl worked. They were smart enough to figure out how to get data with respect to bavi and pdl as it relates to sunrise.... hats of to them if are successful...
6. Sunrise Trial failed.... control arm bad luck...
7. IP still could be very valuable but lack of institutional support due to horrendous BOD caused a severe dilution for dollars dive.
8. The BOD had absolutely no clue as to what, how and why to make any assessment or offer any value whatsoever in navigating the choppy biotech waters. So they listened to RG.
9. RG had nothing to lose... no skin in the game just sweat equity... same with the BOD only they didn't have to sweat that hard... the BOD's biggest challenge was maintaining the moat and they did that by bringing in MZ, a longtime ES player.
And just think of what experience the current BOD brings for say avg $70k or about $500k. And we were paying about $500 k for just one of the clowns with zero experience.
Hopefully the house cleaning continues and SK is in real talks to place the IP.
Thank you Ronin.
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