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ProMIS Neurosciences Inc PMN

ProMIS Neurosciences Inc. is a development stage biotechnology company. The Company is focused on generating and developing antibody therapeutics selectively targeting toxic misfolded proteins in neurodegenerative diseases such as Alzheimer’s disease (AD), amyotrophic lateral sclerosis (ALS) and multiple system atrophy (MSA), an alpha-synucleinopathy. Its proprietary target discovery engine applies a thermodynamic, computational discovery platform - ProMIS and Collective Coordinates - to predict novel targets known as Disease Specific Epitopes on the molecular surface of misfolded proteins. Using this approach, the Company is developing novel antibody therapeutics for AD, ALS and MSA. Its product portfolio includes PMN310 / Amyloid-beta, PMN267 / TDP-43, and PMN442 / Alpha-synuclein. The Company plans to investigate additional synucleinopathies, including Parkinson's disease (PD) and dementia with Lewy bodies (DLB). Its wholly owned subsidiary is ProMIS Neurosciences (US) Inc.


NDAQ:PMN - Post by User

Bullboard Posts
Post by farmerjaneon Aug 11, 2013 2:22pm
314 Views
Post# 21662330

Behind the scenes

Behind the scenesBack to the contract between Amorfix and Biogen, maybe Section 2.2 where Biogen has an Option to Expand Licensed Field is happening. In the event Amorfix has produced a qualified study with there cancer they need to provide to Biogen notice in writing. Within 90 days Biogen will, if it wishes to exercise its Option Right, designate one or more Option indications , which shall be reasonably related to the Qualified study. Biogen and Amorfix under the Exercise of Option Right, agree to engage in such good-faith negotiations for a period of ninety (90) days....... In any event that Amorfix's proof of concept with their cancer antibodies was done under the context of a qualified study, it can be a six month process through negotiations. It looks like to me this process with Biogen needs to happen or Amorfix is in violation of their agreement...
Bullboard Posts