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Biotech / Medical : GenVec - GNVC

GNVC 7.193

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Jun 26 5:00 PM EST

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To: Savant who wrote (34)	12/15/2011 10:09:48 PM
From: Gary Mohilner	Read Replies (1) of 106

I'm thinking the next milestone will either be for acceptance on an IND, or perhaps it's filing, or the actual start of a Phase I Trial, but I believe they've said they'll be another milestone prior to entering the clinic. If we don't get another milestone before the next quarterly conference, we might be able to determine the size of the milestone then. I'm guessing it was under $1 million as something greater than that should have had the amount included in the PR. To me it's sad that companies work so hard not to tell us more precisely what's happening. Gary

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