Quote LOL, "THe reason Avid is part of pphm is that it makes the company self sufficient. Without a profit, there are few alternatives to running a biotech short of equity financing. We seem to have overcome that hurdle with Avid."
WHAT?? WHEN? WHEN DID THIS FANTASY supposedly happen? PPHM is now supposedly "self sufficient", LOL??? In what alternate reality?
PPHM makes LOSSES, and will continue to produce financial LOSSES for approx the next TWO YEARS per their own SEC filings. AND, that's if, if, if either of their TWO whole customers (94% of all their revenues, TWO customers) assuming one doesn't have a baby burp or even a minor hiccup.
Further, even if PPHM achieves marginal "profitability" (again, which has NOT HAPPENED and is not even close to happening), that would NOT come remotely close to throwing off the enormous cash flows needed to fund large R&D programs, such as serious clinical trials. PPHM mgt has made it CRYSTAL CLEAR that their future strategic plans NO LONGER involve funding any large clinical trials- such as FDA quality phase II/III trials.
NOTHING'S been "overcome" because of AVID? Again, WHERE? When? HOW? Makes ZERO sense to me? None? The company SEC filings and simple reality does not match that assertion/assumption, not even close.
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