The Cost of Selling Something The question I've always had is how much does it cost to sell something?
Bioasis has entered a number of material transfer agreements (MTAs) where there was no money involved. Although I'm not advocating giving away xB3-001 or anything else, it is a starting point in the intellectual game of evaluation.
What is the lowest upfront payment and subsequent milestones at which it's a no-brainer for someone to buy xB3-001 or something else?
How hard can that be? Was that actually done with Ellipses? Why did Bioasis end up selling everything for almost nothing anyway, with over 75% of Biodexa going into private hands?
It's a failure of such astonishing magnitude that it ought to be investigated.
I don't believe this deal would have been done if xB3 had failed. If xB3 hasn't failed then xB3 is the target of the acquisition. xB3 is what the buyers want.
I have no doubt now that Bioasis was run into the ground. But was it through incompetence or neglect, or was it purposeful?
We'll know the answer when we see where the big xB3 opportunities end up, but of course it'll be too late then.
jd