I just can't see a takeover any time soon, well for figures we...

I just can't see a takeover any time soon, well for figures we would want to see anyway, even management have mentioned that they've had offers to buy the company in the past but have shook them off as it wasn't a figure that beleived delivered value.

I think there is a few key steps that need to be achieved before anyone will even consider throwing up the money that the registry wants. Firstly yes Phylogica has numerous partnerships with several of the worlds largest companies, but have any yet produced a phylomer that they they are taking out of the lab & into the clinic ? No
It's evident that a large amount of the companies see the potential to "maybe" deliver something significant & game changing but i guess they still see it as a long shot & at this point are not yet convinced the terms of the deals translate it into how they value this potential. A very modest or even miniscule up-front payment leading to fairly large "potential milestones" if they can deliver.

The best sign that PYC are lifting to the next level & the actual value being attributed to its librarys will come when they are able to sign these deals with large up-fronts meaning they are now more convinced that the partnership will have a signifcant chance of delivering.

Get one partnership in the clinic with an exciting candidate & the game changes, up-fronts will start coming in. I don't think any kind of takeover price we want to see will be before that. Probably the reason managements also dropped it from their profile forward.