Ayala Pharmaceuticals Inc (ADXS)

[equaloppforall]

Fbg, O'Connor's now history, whatever our view of him may be. But we do agree that the company's fate is strongly tethered to developments in the next year, primarily the EU application, but perhaps also PSA, NEO and NOT, in that order, if we consider timelines for their respective catalysts.

This is assuming that the company is not sold in the next 6 months, which seems less of a possibility to me everyday. Even with a licensing deal for EU and not a short term buyout, I see someone making a bid around the time EU decision is out, may be in about 12-15 months. So yes, I don't picture ADXS being an independent company beyond the medium term, if that.