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I don't think we will hear about it for some time

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Post# of 155034
(Total Views: 659)
Posted On: 06/07/2020 2:29:07 PM
Posted By: viridi
Re: jimnordonmd #36962
I don't think we will hear about it for some time (a few weeks to a month or more) - although I have been wrong before. Nader indicated it was a non-binding term sheet, and they were evaluating three or four others (including one big pharma). A non-binding term sheet is an agreement to have a discussion which likely includes a non-disclosure. Further, Cytodyn needs to be careful not to tip their hand on the terms of one term sheet to second courting distributor. With multiple courting distributors it is a bit of a poker game (assuming that is not a bluff in itself).

The point is that they are best keeping the cards close to the vest for a while.


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