Ocera Therapeutics fka OCRX

[GrthzGd]

MKN still has a VP running IR. When I saw MKN's settlement with the opioid victims to be almost complete I sent him a query to which he responded, somewhat confusingly, that MKN had fully impaired its Ocera Hepatic Encephalopathy development program, but that the CVRs were not impaired. He provided clarification as follows:

The CVRs remain intact and are attached to any future development on the program - nothing has changed to the contractual terms of the CVR agreement.

The recorded intangible asset value within the financial statements has been impaired fully as a result of our discontinuation. From our perspective the probability of achievement of any future milestones is remote, but we’ll obviously explore possibilities to partner the asset to someone who might want to pick up the development.

Someone ought to buy the program and restart its development.

Such a move ought also to create a market for our CVRs.