Lightwave Logic Inc (LWLG)

[MarcoPolo4]

I was also thinking why now hiring a closer. I would suspect a framework for a deal has been in place for some time. I doubt they would be working with foundries for over 2 years without one. Both sides need to know what each generally expects without looking at all the details. Now that the technical problems are solved, at least for the smaller flexible foundries, they can meet somewhere within range of each sides expectations. Lebby has been clear for quite a while that they are going to seek the appropriate value for commercialization. The wrangling could well be around final details on the value of technology transfer now that the value is more apparent with problems solved and good results. Small numbers matter financially especially for the foundries as they look at their margin requirements.

Dr. Lebby hired someone he has worked with in the past and knows they can work together. There are likely many entities to negotiate with and there will be a good deal of back and forth which will take time. Dr. Lebby has an extender as well as a knowledeable consultatant on the details. This hire will help expedite deal making. I would assume he knows a great deal about how contracts should be worded to prevent future problems.

This hire also signals to all the foundries that have final PDK's that now it is deal time. They know other foundries will be involved. I don't think they want to last in line to get the ball rolling especially if they have been planning to start manufacturing soon after the contract.