Cytodyn Inc (CYDY)

[MelsDollars]

What that RTF letter makes clear is that Amarex was not doing their job, and made little progress in the two years they were supposedly "working on the BLA." I can understand giving them the opportunity to fix it after so many years and so much money invested, however they were unable or unwilling to perform. It's no wonder Cytodyn stopped paying them and ended up filing suit.

BLA filings are very complicated, especially with multiple doses that require justification. This level of detail is not something that a CEO normally manages. I'm very glad Recknor is now on the team and getting it sorted out. I expect major headwinds before first approval.