Bluerinse, we are not fully valued at these levels.
We have J&J Janssen that will start talking with CDMO for production of the HALO's ENHANCE related substance for production. Avid is the production manufacturer. Normally that news will yield a PR as we have seen in the past about new TOP 10 BP customer.
We have Humanigen that is waiting news every day new about their accelerated FDA procedure that they would file before the end of May. If they do that it will no longer be a question mark whether they have everything they need to qualify. CDMO will be able to move faster to production manufacturing for HGEN and such procedure approval takes max 2 or 3 months.
We have news to come about what CDMO is going to do with the about 25Milj$ cash (part of the 125 Milj$) they are sitting on and that didn't receive any destination. More capacity extension? A small acquisition in filling & labeling?
Those events couldn't have been valued because #1 could have taken much longer and an FDA approval can never been taken for granted. For #2, while HGEN speaks since several months from this accelerated request it was looking as if they had trouble putting it together until finally their is a filing date line. And #3, well #3 is a complete question mark, but I am quite convince that they are not going to purchase an attraction at Universal with that money.
AIMO
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