TSXV:BTI.H - Post by User
Comment by
Boomskidon Jan 29, 2023 3:38pm
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Post# 35252930
RE:RE:RE:RE:RE:RE:So do we assume the JNJ option expired?
RE:RE:RE:RE:RE:RE:So do we assume the JNJ option expired?Yes, the MD&A and I are in agreement. J&J/Janssen have an option to sign another agreement to advance whatever they're working on.
Without exercising the option by extending the current one or entering a new one, J&JJanssen likely won't be able to do anything further. (That's the meaning of "option.")
My continuing point is that if both sides want to advance the agreement, they will, regardless of deadlines. If the J&J project is a drug/disease combination that has competitors who might or actually do bid against J&J then the expiration of the option may have meaning.
My guess is that nobody will enter any agreement right now with Bioasis because of its precarious position. Bioasis cannot be counted upon currently to back up any agreements they might enter.
jd