Cytodyn Inc (CYDY)

[woodenbear]

I listened today for the first time and while nothing was wholesale new there was a lot of new “color” provided.

- emphasized more on how excited Samsung Bio is about the company. Samsung seems to truly believe this is a diamond in the rough.

- additional details on why finding a partner for Mono has been so difficult. NP asked GILD out right why they haven’t been more aggressive. The response was basically that they are skeptical about a company trying to disrupt a very mature supply chain. I think GILD is willing to wait for the pivotal P3 to get underway before making any formal conversations of acquisition even if it means a higher price.

- more cryptic hints: NP mentioned he made a bet with their “banker” that the SP would be above $5 over the next couple months. Also, said MM did a valuation of his own on just combo and mono and got a valuation “well into the double digits”. This was the first time I’ve heard the firm provide insight into how much they think they are worth.

- multiple negations going on for potential commercialization partnerships they all include up front money.