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Biotech / Medical : Apricus Biosciences
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To: phoenix_rising who wrote (1508)10/1/2015 12:16:01 PM
From: Mirror Image  Read Replies (3) of 2026
 
We are now in the next quarter and no update on how they plan to finance the coming year. This deal only covers the cost of the Allergan deal and a bit of change, so I don't expect much of any impact on PPS.

You are correct in the sense that this deal - as you point out - only covers the Allergan deal and a bit more. And more importantly, it does not completely answer next year's expenses ( especially with more trials on Fispemifene and the work that has to be done with Vitaros in the USA ).

What it allows to do in the short term is compare this deal versus the one that Apricus just signed with Allergan for the rights to the USA. The USA has a target market that is more or less 50% of the worldwide market. They regained U.S. rights for 1 M upfront and 1.5 M in a regulatory milestone. This deal for Latin America rights to Vitaros - nets Apricus $2.5 M upfront and another $16 M regulatory and sales milestones.

What is the percentage of the target market that Latin America represents out of the Worldwide picture?

In my opinion, it's a great deal for Apricus. Especially that it's done after the Allergan deal.

The one poster on IHUB has repeatedly said that Allegan did us ( Apricus ) a favor for allowing the $25 M buyback clause and that it was a P.R. move and nothing else ( he changes his views from MEGA Bull to MEGA Bear - depending on his current holdings - in my opinion ). And that we were dreaming if we thought that we would get $25 M for the rights to Vitaros in the U.S.

How does today's deal fit into that assertion? Must feel like a SLAP in the face! I must correct that, "it should feel like a slap in the face", but some people just don't have any shame.
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