GREY:IPHAF - Post by User
Comment by
teeveeon Aug 04, 2010 10:07am
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Post# 17320113
RE: a few questions
RE: a few questionsAntoninus,
I doubt a takeover would happen. If ISA runs out of money, it simply goes bankrupt. Should that happen, and provided that Lux's partnering agreement would survive a bankruptcy, Lux could continue with another trial and Paladin could manufacture the drug for the trial.
The only way I see ISA surviving is to lay off all staff, contract out drug manufacturing, move the office back to Foster's basement, and reduce salaries to a minimum. With G & A cut down to say $250K/year, ISA might survive another 2 years.