IMHO
The 120 million offer was before the bottom fell out of the pandemic market.
I got a gut feel that Governments don't treat the pandemic stockpiling as a priority purchase anymore. Relenza would appear to be buried once again.
For LANI, it dosen't matter how good it is, how good will the marketing be.. and if the pandemic market have vaporise, will LANI still have a worthwhile market?
Biota's cash burn is just going to feed the salaries of those executives that joined Biota in the last 5 or so years. There is nothing further in the horizon other than the projects that is ongoing. Their CVs may sound impressive, however, they have not contribute anything of a scientific or business merit.
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