Asian Partner
I still think an Asian partner is not only a possibility but a probability. If you believe his "no financing " comments and take into consideration the new Asian 100 patient trial scheduled for next year, then it is obvious that he plans to ink a deal for Asia.
As he alluded to in his last conference, initiating an Asian trial can only add to the value of a Pona partnership. I think he intends to maximize the value before letting out part of the market (Asia). We clearly do not have the cash to complete Pace, go forward on 113 and take on this Asian trial, not to mention the start of a head to head against Gleevec. In fact, with all that on the plate, unless HB believes that Rida will sell enough to trigger the 200 Million Milestone for reaching a sales level (and if he does, he is probably the only person that believes that) we will probably need both, an Asian partner and another dilution.
JMHO
Barry
