RE:Cipher Pharmaceuticals acquires assets of Melanovus OncologySeems like a low cost option on what could be a blockbuster for the company. $500mm potential revenue if it works? Holy Cats!
I don't see why shareholders should gripe about spending $20mm on development, if the early data indicates this thing is a go. Could be partnered at that point as well.
To me, this type of deal is more exciting than layering on EBITDA acquistions with limited upside.
Our CEO knows this project intimately. And, we're supposed to be building a pipeline, not paying some boring dividend.