Jul. 25 at 4:58 AM
$SLS Part 3. Longs Have you ever seen a Nasdaq Listed late Stage Biotech Company not lined up for a single big medical conference?
Sellas has over
$150 Million cash on hand right now.
Not even a single presentation in over 2 months.
Last Investor presentation slides on the website is from February 2026.
I saw the same exact actions from
$CDTX Cidara Therapeutics (NASDAQ:CDTX) was acquired by Merck for
$9.2 billion in an all-cash transaction. Merck paid
$221.50 per share, and the acquisition closed in early January 2026.
$CDTX final 10k post BO showed 6 suitors that went back and forth for over 6 months before the final deal was consummated and accepted by BO.
Remember SLS doesn’t have to file any 8k until deal is accepted by BOD. Sellas independent BOD not a single open market purchase after Nov. 2025 Big JP Morgan 1x1 attended by Dr. Stergiou and CMO Cicic. Negotiations have been going on back and forth since late Nov. 2025 PPS has jumped 10 times since that. Coincidence? 😉 ✌️🙏❤️🩹