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Hard to say since we don't know the details and ti

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Post# of 154185
(Total Views: 137)
Posted On: 03/03/2019 2:44:20 PM
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Posted By: trding
Re: finesand #556
Hard to say since we don't know the details and timing on everything. For example early January there was a push to get enough money to compete the BLA. They I believe had an initial meeting with the FDA in December, then with the government shutdown maybe they didn't get a response back from the FDA until late January about the 700mg. I'm not sure. The FDA press release came out on Feb 1st two days after this loan was announced, I believe there was also partnership talks going in January. Maybe the got enough with the CMO partnership to be announced for the BLA. Maybe they decided since the FDA moved the timeline, around I assume Feb 1st, they didn't need to push so hard, and could wait for the partnership talks to continue and TNBC results and this loan would be enough to carry them until then. The loan terms were interesting, they must get approval on funds under 10M. I assume that would be the absolute minimum they would except with any partnership. I also don't believe the Paulson well was dry, because Tony mentioned in January, NP wanted 250k minimum per person. If they were really needing funds, they could lower that to 25k or 50k and get more takers, but these people would be more likely get the money from dumping their shares and buying back. So, I assume they were trying to avoid that issue with the 250k minimum.


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