Ayala Pharmaceuticals Inc (ADXS)

[cdiddy01]

Oh i agree. I couldn't even begin to speculate on the breadth and scope of this agreement, or the performance guarantees set in place by AMGN. I often wonder if there are certain financial like "covenants" involved with the contract that could damage the agreement as well (going concern). I'm also under no illusion that AMGN will just write a check for 400MM tonight. I'm solely looking at this through a partnership lens and when both parties are on solid footing - both tend to prosper. Due to the IND change and setback, most likely to the benefit of NEO/AMGN in the long run, ADXS in particular has been adversely affected short-term (cash). It could behoove AMGN to offer some sort of kicker and or re-arrange the percentage of payments to make it more front loaded as a means to stabilize. I don't think they're obligated to in any way, however, it could be beneficial for them both.