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Waverley Pharma Inc V.WAVE

Waverley Pharma Inc. is a biopharmaceutical company engaged in the research, development, and commercialization of human therapeutics focused on oncology. Its primary focus is the PARP-1 program and secondary focus is the generic oncology injectable market in European Union, the United Kingdom (UK) and North America. It has entered into a license, manufacture, supply, marketing and distribution agreement with Reliance Life Sciences Private Limited, which has granted it an exclusive territorial license to market and sell capecitabine in the UK and Germany as well as a non-exclusive territorial license to market and sell temozolomide and erlotinib in the UK. Its generic oncology products include bortezomib and pemetrexed. Bortezomib is an injectable generic chemotherapy drug, developed for the treatment of multiple myeloma and mantle cell lymphoma. Pemetrexed is an injectable generic chemotherapy drug, developed for the treatment of non-small cell lung cancer and pleural mesothelioma.


TSXV:WAVE - Post by User

Comment by MirrorWorldManon Sep 15, 2020 10:09am
182 Views
Post# 31559367

RE:RE:RE:RE:Great 👍, , Waves cancer drug approved in Europe

RE:RE:RE:RE:Great 👍, , Waves cancer drug approved in Europe I agree and like the news out of Europe and the US.  The cash bleed is an issue though, as it is with most promising companies of this size and I am interested to see what they do with Pemetrexed to bring in some revenue.   The ANDA submission for the six generics in the US should not be that expensive to do, (even with consultants).  The time to approval should be short as per the seriousness of the indications and drug cost sensitivities south of the border.   I  I have seen good things come out of Winnipeg and just initiated a position of what I hope is the long term.  I noticed a drop in Admin Expenses in the last 2 quarters which is encouraging.  The cash burn suggests a placement or non-dilutive financing in the near future.  The company should look into consutants whose have successful experience in aqcuiring funding and grants for small BioTechs.
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