I do not disagree with you. This is what Basilea says: "As the rise of antimicrobial resistance has been recognized as a global health concern, there have been significant investments into the dis- covery of new treatment modalities. However, research institutes and smaller companies of- ten lack the resources and know-how to profile and develop early-stage drug candidates in a way that allows for successful commercial posi- tioning. Bigger pharmaceutical corporations are more focused on commercializing anti-infective drugs once clinical development has been com- pleted. We are convinced that Basilea is uniquely positioned to fill this void in the value chain in an area with increasing medical need." https://www.basilea.com/investor-center#c161
Also agree with Hazelhurst on expected Merck interest in Brilacidin.