Replies to post #27330 on Anavex Life Sciences Corp (AVXL)

[kc2code]

It's good to have a plan, but it's even better to also have a plan B and negotiating leverage.

and easy cash access. cash is always good. :-)

[hurley999s]

Not sure, but I think he meant from a cost sharing standpoint...I think PCYC had a similar deal with JNJ for development. May have been a 60/40 split if I recall correctly. Either way, it's better to be in a position of strength going into these negotiations because with just $13MM in the bank, any partner would know that AVXL NEEDS them, and they'd get fleeced on terms. This way, he has a bit of leverage in the negotiations.