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Biotech / Medical : NNVC - NanoViricides, Inc. -- Ignore unavailable to you. Want to Upgrade?


To: andy71 who wrote (11008)8/24/2018 1:01:52 PM
From: HardToFind  Read Replies (1) | Respond to of 12871
 
andy71, I'm glad some folks still see the company as having promise. And I'm not saying those problems have not been solved.

What I intended to say was that the FDA request for 2.5 kg of FluCide was far from the sole cause of their delays. There is an old rule I generally believe when interpreting statements:

There are two kinds of reasons why things happen:
  1. The reasons that sound good (that make involved parties look as good as possible)
  2. The real reasons
When a person explains a situation, reasons of type #1 are always the first ones to come out. You usually have to dig the type #2 reasons out.

When the company says:
  1. Construction of our facility was delayed because of a snowstorm
  2. Our product was put on hold because the FDA unreasonably wanted 2.5 kg of material to test
These are excuses of type #1. The snowstorm did not delay construction by nine months (one month maximum), and the company could always have made several 200 g batches. The company has had other problems the would implicate management. These were just the reasons that did not implicate management.