Couple of points related to the $15 million Edgemont raised. The first is that about $5.5 of that goes to IGXT in milestone payments - million at the beginning (already paid) and another $4.5 at launch (in about 2 months).
Edgemont also has a product of their own that they just launched - which obviously needs support - so some of the $15 M will go to that.
On the positive side, I have posted several times that I think the guidance on CPI-300 is way too low. And I think this article proves that point in the following way. There is one final milestone that Edgemont owes IGXT, and it is to the tune of $20M+. The only way they get the cash to make that payment is if the current sales guidance is way low - meaning they will have to sell a whole lot more CPI-300 than Zerbe is projecting. Time will tell - I'm betting they're low balling sales guidance based on past investor expectations.
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