NEU 2.99% $20.10 neuren pharmaceuticals limited

What will Neu with surplus funds ??, page-2

  1. 2,167 Posts.
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    LT,

    Jon and Patrick were recently asked about dividends and they noted unlikely.

    No exact time frame given, however I assumed they wanted to keep as much cash on hand around 2591 ph 2 read outs, I assume to demonstrate they could go alone if need be for ph 3.

    There will be either a TO or partnering for 2591 in next 6-12 months as they want to move quickly to ph 3 trail, so I assume dividend may be reviewed again perhaps after partnering for 2591 should it happen, if so upfront could be very large couple, hundred million perhaps if all 4 indications get up….. perhaps dividends would be paid at this point due to bulk amount of cash and that there is no more heavy lifting to be done….
 
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