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Re: Phantom Lord post# 31952

Friday, 02/25/2022 6:04:04 PM

Friday, February 25, 2022 6:04:04 PM

Post# of 34625
Howdy Phantom, I'd like to say something about "partnership", and if you haven't read it yet, maybe your opinion on my post # 31959.

A few decades ago, I remember several very small biotechs that were going with (let's call it) plan B, which was NOT doing it by themselves.
One company that stands out in my mind is Seattle Genetics (SGEN). I remember looking at their very early pipeline and they had like 6 or 8 different trials going, all were early Phase 1 trials, and Every One of them had a partnership deal with different players involved. That was their gimmick, pay for as little as possible with our own money.
Yes they made less profit, but all those much smaller profits that added up to something was paid for (mostly) by someone else.

It may not be the most common thing in the world, but you really don't have to wait until you are 90% through your Phase 3 trial before you can get a partnership deal.

If raising more money at these low prices suck.
And a complete buyout at these low prices suck.
A partnership seems to be the only thing that makes sense.
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