Agreed, this is a win-win for everyone! This is th
Post# of 72439
Posted On: 12/09/2012 5:48:50 PM
Agreed, this is a win-win for everyone! This is the type of deal LEO is coming accustomed to making. It's a nice "line of credit" for CTIX . . . we know they are going to need this to get us through Phase 2 with Kevetrin to the point of buy-out. Also gives flexibility to Leo should other clinical opportunities come along, such as the European leukemia trial.
CTIX is so undervalued right now, I don't see the agreement affecting share price in the short term much. Tsunami of great news is coming, financing is behind CTIX new, not a worry for new investors.
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