Ann: ACQUISITION OF MEDICAL DEVICES COMPANY , page-2

must say

am not an expert in medical/bio

but the catch phrase is all along similar lines.

Good product

how many billion dollars industry worldwide

looking for big pharma to license

blah blah

but sounds like they have got some big pharmas up their sleeves interested in at least having a look at the deal.

"Licensing discussions have been held with four global pharmaceutial companies"

I think I got the number right. 4!

The $2m cash is "sufficient for merged group to reach licensing deals"

good to hear no CR!


again no expert in this field

but sounds like no clinical trial needed or anything

the two products marketed are medical devices, not drugs

so cashflow will start as soon as licensing deal is done

from upfront payment

& license fees based on sales

anyone expert in this field?