teleconference, page-3

Posted these thoughts in the dilution thread but probably better here.

Overall lots to like in the teleconf. I took notes and have done my best to quote verbatim.

" We are pushing forward with one finacing option" and "have a high degree of confidence"

I didnt note the phrase that K1 used about limiting dilution. I heard and wrote "Avoiding dilution is top of mind"

On Fonda sales they are "very happy" and "everything they have seen in the numbers is in line with previous estimates"

There was an example quoted of a cancer drug coy being taken out for $3 billion. I'm sure others will fill in my blanks. Pete says "obviously we are not there yet but we are certainly heading in that direction'.

Also amazing was the fact that HA gets 1,000 times as much drug into the cancer with no increase in toxicity. Brilliant stuff.