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Alias Born | 05/10/2012 |
Monday, September 16, 2013 7:22:35 PM
At a (December, 2012?) press conference discussing the Brilacidin preliminary results, questions about Delparantag were deflected with "we're here to talk about Brilacidin". In hindsight, I am fairly certain the hypotension issues were known at that time. Their (April? - I have trouble remembering exact dates) conference reporting the full results of Phase 2a of Brilacidin likewise had no mention of Delparantag, nor was it mentioned at their Shareholders meeting in May. A number of investors confronted Nic at the SH meeting and his expression was described by one as "a deer in the headlights".
The final straw was when they defaulted on a $6.8M payment to MidCap Financial but by that time, the BOD had finally (too late) ousted Nic and replaced him with the CFO, Edward F. Smith - another great piece of work.
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