Re: 4-8b guess - Is someone asking too much?
in response to
by
posted on
Dec 09, 2019 01:17PM
I agree absolutely that a buyout of everything to do with CVD, diabetes, CKD, PAH, and cognitive function would make most sense for a single large company. But RVX could (and in my opinion should) hang onto HIV.
If RVX where to continue as a smaller company, where would the continuing cash come from? The big shareholders would demand a dividend, means double income tax for most, once at company level and at shareholder level (for those not in a deferred accounts).
Buy out or partner, same issue, where does RVX raise cash, even if partner pays new P3 study. RVX burn rate is near 1M a month without new P3 costs. Buyout is only real option.
Why no PR, best guess, they are talking to BP, signed a confidentially agreement, neither party able release discussions.
My recall may be at issue here, since RVX meet with FDA on Nov 13th, and stated there is a 30 day hold? Would make Dec 13th a big day for FDA meeting.
Believe a complete buy out is in order, lots to offer BP, including 20 something new compounds waiting.
This is all MHO, no data to support, just speculation. A buyout with both cash and stock might be beneficial for both buyer and stockholders. Price, hope it is in US $.
I have great respect to all on this forum. I can only imagine RVX employees are wondering about their future. BP should also consider the value employees bring to the table. Much to consider.