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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 thechief9on Nov 04, 2010 3:08pm
233 Views
Post# 17658978

RE: RE: RE: Is it possible?

RE: RE: RE: Is it possible?WOW. You guys are unreal. While on the subject of a possible breach, is it possible that ENDO may be breaching the contract? Lets see now. hmmm 

ENDO likely have the final results from the Pllla trials.  (anyone disagree with this?)

ENDO does have a year to review and submit the results to FDA (no breach there, anyone?)

The results are known to the point where it should qualify for some milestone payments to BNC (Pllb)

Those milestone payments have not been received by BNC, therefore no official news from BNC

BNC can not post any NR regarding the status without ENDO's approval, but can & must post when a milestone payment is received (hence, no payment yet) 

However, a milestone payment may be due under the contract, but hasn't been rendered as required, could there be a breach by ENDO if this were the case?

I really don't believe that any breaches exist here. There was no official NR by BNC stating anything absolute. Nor was there a retraction NR. ENDO is running their business with a rising SP and has a business plan in place, which is their priority. BNC is in position to receive their milestone, but hasn't yet. The delay is killing us and our SP. But the delay won't change the final outcome.

Just my honest opinion
TC9


Bullboard Posts