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TELESTA THERAPEUTICS INC T.TST

"Telesta Therapeutics Inc is a biopharmaceutical company. The Company is engaged in the research, development, manufacturing and commercialization of human health products and technologies."


TSX:TST - Post by User

Bullboard Posts
Comment by rhdmdon Dec 22, 2012 3:17pm
142 Views
Post# 20765709

RE: RE: RE: Options

RE: RE: RE: Options

Corp, I am well aware of the red that endo has incurred.I am just saying that from now on, they can get a share of the future rev. without any further funds outlay by using blackmail.

You raise a good point, by endo agreeing to a share of the future revenue, that suggests that they still have faith in Urocidin. But what choice do they have on the other hand? They can't ask BNC to pay back the milestones. They screwed up on the trial design. Either they get nothing in return for ther time and effort in messing things up and investment, or hope for some miracle that BNC can do things right and pull through.

I agree with you. Since they focused  the trial on refractory, we should only give them royalty fron revenue generated in the refractory cases. But BNC is not in the position to negotiate and the world is not perfect. I bet BNC had to beg them for the return of control.

Bullboard Posts