Ocera Therapeutics fka OCRX

[shareholder_boar]

The phase 2 trial for the oral formulation is now up and running but the Phase 3 for the IV formulation that would trigger the milestone payment is still listed as "Not yet recruiting". Not a single change since it first appeared at clinicaltrials.gov in October.

Meanwhile, Mallinckrodt continues to drop their estimated value of the CVRs that is required for accounting:

"The Company determined the fair value of the contingent consideration based on an option pricing model to be $16.6 million and $21.5 million as of September 27, 2019 and December 28, 2018, respectively."

That's about $0.5 per unit. At least it is still higher than the $0.00 figure based on "If it is unpriced it must be zero" model used by the guy on here trying to evade income taxes.