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Tuesday, March 06, 2007 9:08:49 PM
I still don't get how this settlement could be perceived as anything but INSM getting bent over the proverbial desk.
1) We gave up our only approved indication after spending a truckload of money to get it through the FDA and another truckload getting close to approval in Europe.
2) We are returned to a development company with no indications beyond Phase II and no money to develop them.
3) If by chance we survive long enough to get one of the indications to Phase III DNA/TRCA gets the option to "invest" half our expenses, after much of the risk has been removed by the way, and take half the profits.
4) Did not see any up front monetary compensation for giving up the indications and we are pretty much out of money. Who is going to partner with us for our half of the profits of any indication?
Wow. Another education in how the big boys play the game. I am on this ride until the horse it gallops or dies. Sure do hope it gets up on all fours soon. theonlyslacker
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