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Biotech / Medical : NNVC - NanoViricides, Inc.
NNVC 1.190+5.3%3:59 PM EST

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To: HardToFind who wrote (10183)5/7/2018 7:20:58 PM
From: HardToFind  Read Replies (1) of 12873
 
I'd ask what was wrong with the first valuation, but I already have about five ideas:
  1. Ms. Myers was not informed that NNVC had already paid for nine (9) drug indications that have gone nowhere so far, including the other herpes viruses using the same molecule.
  2. NNVC has already paid TheraCour for all of the research that went into this additional indication, plus a 30% markup.
  3. We don't know if, or for how much, we can produce this drug in commercial quantities.
  4. The company is running out of money, and cannot afford to license another indication prior to another equity raise. (Debt financing is out of the question because there is no income and in case of bankruptcy the meaningful assets fall to TC.)
  5. A 15% royalty on revenues would sink the company.
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