Jun. 5 at 9:18 AM
$NVAX If you watch that conference, it felt more like a box-checking exercise than anything else. The important part is reading between the lines.
Jacobs repeatedly emphasized that the business model is highly attractive: non-exclusive deals, upfront payments, milestones, and recurring economics from Matrix-M. On that point, I actually agree with him.
What caught my attention was something else. The key person in that room wasn't Jacobs — it was Elaine. Jacobs looked like someone who has already done everything he can do. Sitting there, drinking his coffee, waiting. Not a man actively negotiating, but a man waiting for responses.
My interpretation? The deals are likely already structured and largely agreed upon. What's missing may simply be the final approvals, signatures, and PR rollout.
Could be wrong, but that's the impression I got from reading between the lines.
$NVAX
