RE:RE:Twitter UpdateThe Arbitration process must be completed by the end of 12 months from filing. That doesn't mean the Arbitrator would necessarily take that long for the ruling let alone a settlement by the two parties. I think if it s going to arbitration we could see something soon.
From the Dec. 14th tweet:
"Quick update on the arbitration with Shiseido. Things are proceeding on schedule and picking up pace. The next 6-8 weeks will be about filing full pleadings, evidence, witness statements, etc. Having seen their initial Response, we remain confident in the strength of our case."
Eight weeks would have taken until Feb. 14th over a month ago for the "full pleadings, evidence and witness statements".
There is a lot riding on this arbitration. I am not sure what will happen if the ruling goes against Replicel. It may not be a disaster as Shiseido will most likely take RCH-01 to commercialization. I am not sure how that will work for Replicel. Who will have the rights to the procedure? If it goes the other way I think we will see a substantial jump in the valuation of Replicel.