SurModics Inc (SRDX)

[DewDiligence]

>They don't seem to be saying that they are going to load TA plus some other agent onto the same platform, it sounds more like they want the rights to ivation-TA as a treatment on its own. Is that how you interpret it?<

I got no impression that there is interest in loading both triamcinolone and another compound onto I-vation. Hence, we are left with two possibilities: 1) MRK thinks I-vation TA has commercial potential in its own right; or 2) the TA program will remain active only until another embodiment of I-vation is ready to be tested in humans. I lean toward #2.