TELESTA THERAPEUTICS INC T.TST

RE: Endo/Orion "Milestone"

[rgonlyfactspls]

Thanks Jimmy. Certainly a very interesting and elaborate R&D collaboration. And, a plus that Orion is in Europe. Further emphasizes Endo's strategic commitment to feeding and commercializing an oncology pipeline (globally). 

 

Jimmy raises two good points at the end of his post. I add another point (below) per this excerpt:

"This alliance marks another milestone in the transformation of Endo's R&D platform," said Dr. Ivan Gergel M.D. .....This type of collaboration fits well into our new, efficient and effective virtual R&D model."

Somewhat off-topic, but...Glad to hear Endo seems pleased with their virtual R&D model. Time to show it (in $$$s) with their partner north of the border.Hopefully a "meaningful" milestone attachment following BNC's Q2 financials released in a couple weeks.

 

Have a good one!

 

rg

 

PS....also interesting that Endo just exercised its option to license Orion's treatment for advanced prostate cancer (to be developed jointly for approval globally) with this agreement. Lots unfolding behind and around the scene...it seems!