Lalalilala
Oct 22, 6:31 PM
$RADX @VetteAlpine , I partially agree, but a licensing agreement isn't "worthless": A licensing agreement for RAD101 is not a minor event. In the radiopharmaceutical industry, when a giant like Lantheus, Curium, or Siemens PETNET licenses a Phase 3 product, the agreement very often comes with an immediate upfront cash payment of several million or tens of millions of dollars. Furthermore, by transferring the cost of a 320-patient trial to a partner, Radiopharm eliminates the risk of having to raise a large, dilutive amount of capital. For a biotech company whose market capitalization has fallen below
$15 million, securing such a partnership provides a crucial lifeline to secure its cash flow.
We'll know for sure soon...
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