noretreat, it's a small price to pay ($8m) for the right of first refusal.
- Length of the deal - Apr 15th (why not Apr 1, hahaha), 2019 - might be around the time that BoM is complete.
- Deal is only 60 days if either of the parties want out after that time.
- The FA should be done in 60 days.
- Also, new financing needed in 60 to 120 days I would guess.
- It does show that this insider (Hepa) has some hope and is buying cheap insurance.
- Raises the issue of what if FA fails. Hepa may back out of this deal and yet buy out RVX if the share price collapses?
- It does send a signal to BP that they are not just dealing with RVX. I would think this would be a huge loss to AZ, Pfizer and others.
- China at a population of 1.4 billion and the USA at 323 million both are stricken by growth in obesity resulting in CVD, DM, CKD and many other diseases represent huge markets financially. A win for Hepa in both countries will make them a company that will leep frog from halperin to being a major player in many diseases and, at least with apabetalone, a big player in epigenetics.
- Deal includes "products containing RVX-208 (apabetalone)". I wonder how many products that will be?
- RVX still controls the patents and IP.
Will retail shareholders benefit?
GLTA
Toinv