yes - we need to make a real deal with real money. none of this $1M or less upfront garbage like we did with Stason and Affitech. we need validation from a real partner (Stason who? never heard of 'em) and we need cash. I said this a year or two ago, and saying it again.
someone asked yesterday why people trash management about the "in talks" statement by King. Maybe because he started saying "we're in talks" back in 2008, and 5 years later we are still in talks with no partner with upfront cash....while many many many other small bio's have been making deals with Ph2 or LESS data....take ANDS, INHX, THLD, PCYC for instance to name a few...phase 2 data. And I'm mainly talking about Cotara here (done with Phase 2)....hoping we get a Bavi deal for NSCLC right before Phase 2b data is out, like what happened with THLD over the last 2 weeks.
Ya know it's pretty easy to trash management considering we're 9 cents from an all time LOW, have no money, have been saying we're in talks for 5 years. Tough to give out compliments and be optimistic wouldn't you say? Oh yeah, and the market has rallied to multi year highs, while PPHM is still at all time lows. So I laugh when someone says 'how can you trash management..."....ummmmm it's pretty easy to figure out the reasons.
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