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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

Post by rgonlyfactsplson Nov 17, 2015 8:07am
340 Views
Post# 24296848

"Morning smile" in a line/question...

"Morning smile" in a line/question...--- "Is it the birth of a really good pharma company based in Canada?" --- from blog below (blog comment is a few days dated and never heard of the site prior to Googling Telesta this morn. Anyways, I SURE HOPE SO!!! And, feeling confident in a "YE$" vote/outcome with upcoming AdCom too. Excellent/informative/timely posts lasts night. Thank you for sharing. Also see/watch for comments on Seeking Alpha re John Ford's article, GLTA!!! - - https://seekingalpha.com/instablog/592211-john-h-ford/4491146-telesta-therapeutics-near-term-catalyst-could-provide-multi-bagger-returns --- Blog as mentioned....UP) Telesta Therapeutics (TST:TSX) - I decided to diverge a little bit from what I usually do on this blog to talk about Telesta even if its stock has not reached 1$ in value yet. This company is headquartered in Pointe-Claire and was formerly known as Bioniche Life Sciences Inc. before changing its name to Telesta Therapeutics Inc. in November 2014 (LINK). This week the stock of this firm took of when the company "announced it had entered into a licensing agreement with Ipsen, whereby Ipsen gains exclusive European (and certain other ex-US jurisdictions) marketing rights to Telestas regulatory-stage bladder cancer biologic, Mycobacteria phlei cell wall-nucleic acid complex (MCNA)" (LINK). In this deal, Telesta will receive US$10M upfront, another US$127 in potential milestones, and a double-digit royalties on net sales. According to the same article in CanTech Letter, it seems like the FDA will make an approval decision on MCNA before February 27th 2016 and that on November 18th a committee of medical opinion leaders convened by FDA will discuss and debate the efficacy, safety, and clinical need for MCNA before voting on whether they believe the drug should be approved. After Telesta has been one of the most actively traded companies on the TSX on November 3rd (LINK), it looks like the slow decline of Bioniche/Telesta since its IPO in 1999 might be over. Is it the birth of a really good pharma company based in Canada? https://thebiotechstocksguy.weebly.com/
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