Why would partners pay to keep Montreal operatingSince there is not much going on until the company completes a deal I have re-read the last PR from May 10th. There are some interesting comments made that give me the impression that Ipsen will be the merger or sale partner. Half of the $800K per quarter carrying cost could be picked up by existing partners. Makes you wonder why they would do that, why are they interested in that facility being operational.
Ipsen has to pay their own way for approval in their territories while Telesta is on the hook for Canada and USA which won't happen.
That leaves Ipsen unless Endo wants to cough up some cash.
The Company continues to identify and implement opportunities to reduce ongoing operating expenditures and estimates that average cash expenditures for the last quarter of the fiscal year will be less than $0.8 million per month. Almost half of these ongoing expenditures are related to the Company's Montreal MCNA manufacturing facility, and the Company expects that responsibility for these costs will be taken up by its MCNA development partners.