RE:RE:RE:Stock Holding wellColes Notes:
They finished the Phase III A and had a design for Phase III B , fast tracked by FDA , for first line against BCG with 800 ish patients. They get a deal with Endo Pharma and mysteriously they want to compare it with Mitomyicin C ( Sp? ). So they waste time to get that approved by the FDA and start recruitment , same amount of patients ish.
For some reason they can't recruit many patients for the study , wouldn't you want to take chemo instead of a well tolerated ,virtually no side effects sterile drug that is easy to administer . No , I would rather lose my hair and feel like death for what, 6+ weeks or so. So they stop the study and get back the drug fro Endo for a price, royalties for 10 years at 5%.
Meanwhile , Santa Claus ( CEO ) pumps $20 million of our money into a plant expansion for an ecoli vaccine for cows that we don't have one contract for ( well there was that one rancher ) , just assumed the Gov't would pay for it. Now we are bleeding money and have a fight with new connected investors ( Gubbitz et al ) for a year. They want to keep Animal Health Division ( which had margin of 58% and made $30 million ( ? ) a year. They were unsuccessful and we sold Animal Health and Santa steps down.
Now we have a real management team who has done everything they said they would do.Here we sit
Cheers
13PD