Don't know Heks - I think we know all to well that conference attendances often don't eventuate in anything short term - it's a pretty standard calendar year for PYC to attend somewhere between 10 & 20 international events yet new deals have been absent for years. Janssen January 2012 & Cubist in '13 but I see the later as more of a window shopping agreement ? wasn't the standard deal structure. Acknowledge that management highlighted earlier this year they where hoping to reach deals with two discussions underway - but geeez haven't heard that one before so who knows ?
Interested to see bank in the quarterly and how that balance is sitting - i'd assume relatively well without partners draining expenditure it should be fairly neat although being peak conference season might weight a little ?
PS wasn't that "ducks paddling like crazy under water" NW's line ?
PYC Price at posting:
1.2¢ Sentiment: None Disclosure: Held
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