Ayala Pharmaceuticals Inc (fka ADXS)

[jckrdu]

"If ADXS does offer shares it will either be because they couldn’t get suitable cash for HOT to their liking or they believe that the dilution is a good calculated risk of getting a lot more later."
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Agree. No one knows how Ken is going to play things, but he may think he'll be able to get closer to $100M cash upfront in 6-9 months for a HOT NSCLC construct after he has some NEO supporting data, versus $0-$10M upfront now without any data. If that's his belief (don't know if it is) he'll likely wait for some supporting data before partnering the lead HOT construct... which targets the largest market. (Supporting data could come earlier than 6-9 months out because the NEO trial is open label.)