What was our milestone payment from Amgen on start of NEO trial? Company needs to be more transparent!
Let me take a guess. I understand that long time back AMGN made an equity investment in ADXS (not sure about the amount.. was it 25 million dollars? whatever). My take is that, AMGN was making the investment as a upfront payment. Probably they had their smart pants on while doing that hoping for a X10 return that would cushion their overall payments to ADXS for various milestones (400 to 500 million?). Little did they know that their equity investment would be worth probably 10% of their original value.
That is what happens to those investing with ADXS - you, me, Eldeman, AMGN and the rest of the gang of investors. Money just disappears.
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