I think the lost opportunity cost will start to wear on quite a few anxious retailers if there is no TLD & publication this month or early next. A lot of folks including myself are in this because of LL & KA as well as the underlying technology and not so much because of the top management. They haven’t done much to convince otherwise! LL and the technology alone cannot make them successful. There are so many other pieces that they need to get right to be successful commercially. In particular, we need the top management to show with their actions that they can get the job done and scale this up. Time of execution is of essence!
Why haven’t they gotten a successful executive or two with proven track record and experience in successful BLAs to join the team to help them navigate this? That could mean one of two things: a) they are not that competent and there is lack of urgency OR b) they don’t plan to stay independent for too long.
Given the KOL advisory board they have formed over the years and the fact that LL and KA has stuck with them for well over a decade tells me that they do trust the management to get the job done even if it’s not as quickly as they would like. So it must be point b, where it’s being set up for a buyout post approval.
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