RE:Hurry up and.......wait.....wait....wait.....Pareto8020 wrote: From June 2021 Update......
Our second clinical trial for TFC-1067 completed in Feb 2021. At this time, our pharmaceutical partner continues their due diligence and will do so for a previously agreed upon time. A successful transaction with the trial partner is management's goal as it would be transformational for Sirona. While many global pharmaceutical and dermatological companies continue to approach Sirona with interest in TFC-1067, we are obligated to delay in-depth discussions involving the clinical trial results until our partner has completed analysis of the clinical results and determined their next steps. Due diligence by global leaders takes time no matter how confident they are in the ultimate commercial success since they follow meticulous procedures with large teams. We observed this with Rodan + Fields as great care is required to maintain the brand excellence.
So more a year ++ after a super successful clinical trial (by SBM's account) this company is still negotiating with Sirona? How screwed is Sirona in this situation? Even with Linda they are probably trying to pull off a R&F's type deal where they pay next to nothing and Howard is to shout from the rooftops what a transformational deal this was. If they don't get millions up front and planned millions in royalties Howard needs to announce his resgination as part of the deal announcement.
February 2021 to April 2022 is 14 months. The announcement said:
"Our second clinical trial for TFC-1067 completed in Feb 2021. At this time, our pharmaceutical partner continues their due diligence and will do so for a previously agreed upon time."
A "previously agreed upon time" --- so Sirona agreed to at least a 14 month time frame? Why would anybody in their right mind agree to such a time frame? Is there not something fishy here?