Re: This Covid 19 possibility has
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posted on
Mar 24, 2020 10:17PM
I feel bemused by all the recent developments. The kidney conference was all important; Don McCaffrey has said that the kidney data is the most compelling piece they have. And now we don't even have a late breaking slot...just a poster? I find it profoundly disturbing.
The Covid 19 talk is all well and good, but we have a molecule, not an approved drug. It will be some stretch to get this to be a drug, even if the research shows it works for Covid19.
Meanwhile, we have a company badly in need of cash...facing a world that is melting down and where capital is suddenly very expensive. Eli Lilly just put a halt on all their research projects. I am sure Pfizer etc (potential buyers of RVX) are doing the same slashing of expenses.
None of these companies are going to be willing to buy RVX now...even at a knock down price. Can you imagine Eli Lilly board asking the obvious question: capital is tight, and you want to spend it on a deal with this unknown company from Calgary?
And the company is suddenly quiet...or releasing information which is not clear in its agenda.
I am uneasy about where this company is heading.