Biopharm, nice article on Thiel and why he invested in that biotech. I especially liked this note which sounds a lot like what we have in PPHM:
Owning Avid takes a lot of the complexity out of the different peices needed to get approval of and to market a new drug. Kinda makes you think that these guys, that so many have been saying do not know what they are doing, really DO KNOW what they are doing. Maybe Peter Thiel will see the same benefits in a PPHM investment that he did in Stemcentrx.
Now if Steve King CEO of Peregrine could only get Peter Thiel to sit down for the afternoon
Notice how Mr Thiel says mostly all life science funds have all gone out of business in the past 15 years ....points at regulatory rules(think clinical trial Sunrise) and makes notes of $1.3 Billion to make it thru the FDA system (roadblocks lol)
So one afternoon Mr Thiel could see how Peregrine has spent MUCH less than $1.3 Billion ....but maybe that number is there since most companies give up and sell out before they have time to make it and one needs a strong enough IP patent portfolio to even make it with a bit of luck ....