Replies to post #67538 on Anavex Life Sciences Corp (AVXL)

[TrueTrades]

Publicly held companies must be controlled to receive NIH funding.

"Our company recently just went public, does this affect our ability to apply for SBIR or STTR?

No, public companies are eligible, but they have to ensure they are more than 50 percent directly owned and controlled by one or more individuals (who are citizens or permanent resident aliens of the United States.) When a firm goes public, they must include their shareholders in their ownership determinations."
https://sbir.nih.gov/faqs#investigator15

Do you really think that the NIH isn't itching to provide a $100 million grant for the only drug that has shown reversal for a disease that will bankrupt Medicare.

Come on, JB3729. Do you do any DD or just toss out whatever sounds good?

No publicly controlled companies:
https://report.nih.gov/award/index.cfm
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ed- OK, Lund U got $400K for some preclinical thingy that their doing. Let's keep that our secret ;-)

[TomP1]

I don't know how hard the US government is itching to give Anavex money. I can only observe that so far none has been granted.

I have always been under the impression that the LPC deal is for when things do not go our way and no partner can be found to come up with money.