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DewDiligence

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Re: aslan2772 post# 975

Thursday, 02/08/2007 1:25:57 PM

Thursday, February 08, 2007 1:25:57 PM

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>On a related note, SRDX has said they might secure a partner for funding the phase 2 with triamcinolone. This surprised me, because I worry that such a partnership could leverage SRDX into an exclusive license for the delivery platform. Perhaps giving an exclusive is simply the reality of the climate. Thoughts on this?<

If a partner pays for the phase-2 I-vation program, they will probably get an exclusive license on the platform or at worst a co-exclusive license such as the one ANPI has with BSX and Cook. Whether this is a good idea or a bad idea for SRDX depends on the details, but it is IMO probably a bad idea motivated by investors’ preoccupation with short-term EPS.

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