Brilliant post yankee55...100% spot on. Is there such a thing as an Ihub "forever stickie post"? if so, this one certainly deserves it. You just couldn't be more accurate. So sad but so true. Succession is the answer...
Even if you convinced every shareholder, excluding AW/KW, that BIEL would have a better future with a new CEO it won't change the fact that AW/KW hold the majority of shares.
"All your assertions are backed, generally, by sound business reasoning bigkid, I salute that." ---- TY, I appreciate that...( other than the generally thingy ) ...
Now, down to business....
"....$24 million and 10 years for all that .....long ride that should have taken <half the time"
WELL...
"Summary. The United States has arguably the most stringent regulations regarding approval of medical drugs and devices in the world. The average time from FDA application to approval of drugs is 12 years, and the estimated average cost of taking a new drug from concept to market exceeds $1 billion. Jurisdiction of agency's government: United States"