Re: Dodged a bullet
posted on
Jul 09, 2015 11:04AM
rocketman2, yes, can you imagine where the RVX share price would be if the deal had fallen through?
But the deal went through and this says allot about a number of things;
It would have been a horrible disaster IMO if the deal had not gone through given that FDA approval has not yet been achieved.
I'm not an expert but I think that the BETonMACE phase lll trial approval in China and the other Territories has an extremely high probability of success OTHERWISE Hepalink would not have completed the deal with RVX. So now with the phase lll BETonMACE trial approval in the EU Resverlogix is able to move forward in phase lll mode.
Now as I understand it from the incredible notes taken by masila at the June 30 special meetings, Resverlogix is still in active discussions with the FDA for a phase lll BETonMACE trial and they may shift from endocrine and metabolic to cardio and renal. So, there is still some hope. I'm not an expert and have no idea what the odds are but we know they haven't given up with the FDA.
As a final thought, it occurs to me that the Hepalink deal provides some credibility to other potential regional partners at least so far as to get in the door and do their pitch. I like this momentum.
AND JUST FOR FUN
Ideal Dream World Wish
It's possible but how probable?????????? I sure don't know but it's nice to dream!
Cheers
Toinv :)