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Re: turks post# 12844

Friday, 02/02/2018 4:36:10 PM

Friday, February 02, 2018 4:36:10 PM

Post# of 16886
Hey Turks. It will be interesting to see how things shake out.

Snooping around, I saw more than one confirmation on linkedin that Braeburn has in fact laid off their entire national sales force. So I have no doubt it actually happened. (Also saw a lot of Braeburn personnel "liking" Alkermes in the last week...hmmm.)

Without a sales force, Braeburn has to give the rights back to Titan. There is no reason to stall, and stalling without cause could make them liable for damages, so I assume it will happen this quarter.

Valuing those rights is another question. Given the limitations in the REMS and the difficulties experienced by Braeburn, I'd be thrilled with a $15 million cash infusion with a much higher royalty rate.







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