% | $
Quotes you view appear here for quick access.

Omeros Corporation Message Board

  • rrtzrealmd rrtzrealmd Apr 1, 2013 4:50 PM Flag

    What's wrong with this picture?

    ...per the 10K:

    "Under an agreement with Daiichi Sankyo Co....we hold an exclusive license to PDE7 inhibitors...for use in the treatment of (1) movement disorders and other specified indications, (2) addiction and compulsive disorders and (3) all other diseases except those related to dermatologic conditions.

    Under the agreement, we agreed to make milestone payments to Daiichi Sankyo of up to an aggregate total of $33.5 million upon the achievement of certain events in each of these three fields; however, if only one of the three indications is advanced through the milestones, the total milestone payments would be $23.5 million.

    The milestone payment events include successful completion of preclinical toxicology studies; dosing of human subjects in Phase 1, 2 and 3 clinical trials; receipt of marketing approval of a PDE7 inhibitor product; and reaching specified sales milestones."

    ...?????...I repeat -- ??????...

    ...sorry if I seem confused but practically EVERY other licensing agreement I 've ever read had the BIG company making "milestone payments" to the LITTLE company with completion of trials, filiing INDs, etc, etc...

    ...but in OMER's agreement, it's the OPPOSITE so that OMER will have to pay Daiichi up to 33.5 MILLION dollars!... let me get that straight -- OMER does all the work, takes all the RISK, and then has to make milestone payments to boot?!!!...HAW!!...

    ...PLUS they're on the hook for 33.5 MILLION dollars even BEFORE anything is avilable to be marketed!!!...

    ...think about how sweet that is!...not only does it not cost Daiichi one ounce of effort to develop the drug, it also doesn't cost them one thin DIME -- AND they get to pocket 33.5 MILLION dollars TO BOOT!...;

    ...and that's even though the probability that the drug will ever reach the marketing stage is probably one in a MIILLION!...

    ...very CLEVER, those Japanese!...HAW, HAW, HAW!!!!...

    Sentiment: Strong Sell

    SortNewest  |  Oldest  |  Most Replied Expand all replies
13.25-0.16(-1.19%)Apr 29 4:00 PMEDT