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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

Comment by CorporateStoogeon Jun 11, 2013 7:23am
184 Views
Post# 21509980

RE: GW's NR today

RE: GW's NR today

"At this point, the next important step is get the GMP"

RHD,

I disagree with this point.  The most important next step is to find a real licensing partner for Urocidin.  Not one that gives us a loan at bookie rates and gets Urocidin tossed in for free.  No, we need a partner that gives us up-front monies, shares in the R&D expense and all the things one was expected to bring.

The VMC plant being 'GMP' won't do diddly for us.  The fact is, just because somebody says it is GMP-ready doesn't mean it's ready (and more importantly approved) for GMP production......so while I fully expect the spin machine in Belleville will try their best to pump a NR as quickly as they can telling everyone that this magnificent piece of wonder is finally ready to go.....unless someone had the vision to actually sign a production deal with a 3rd party for GMP manufacturing for that day....the VMC will continue to eat a hole in our pockets.  Based on VMC statements in past NRs, we should not expect a manufacturing agreement anytime soon.

I have said it before....having a real partner sign up to Urocidin validates the drug for John Q Public.  Right now all they see is that Endo gave it back to us for a steak dinner and a song in the middle of a pivotal PIII trial.  Perception is reality to the ill-informed.  

Furthermore, if a real partner steps right up before an AH sale, watch the SP take off.....if we cannot secure a Urocidin partner before we sell our prize asset, watch our investment dribble away.  (That said, AH should not be sold at any cost.....because of course we should expect millions and millions of upfront cash from our Urocidin suitors).

 

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