This is outrageous!! I've been an investor for 5 years.
Enzon has spent $10's of Millions on developing The Peglaytion Technology ,they complete phase II approval with the Fda and now they are selling it for $800 K to Belrose . Never heard of them . Doesn't make any sense.
Funny. Unfortunately, Enzon shareholders won't be getting much of that milk. If Belrose is just a few months old, it almost certainly was created for this. How would they be in the loop to buy this IP. Almost has to be a friend of a friend, insider kind of thing? BTW, I actually have a cow named Bessie.
I'm a newbie compared to you, but I don't like being robbed in broad daylight right in front of the bull on Wall St any more than any true long retail does here. I've been reading up on the technology and going through the patents, there's definitly 100X the value, the pegylation process and its benefits are not going away. This will be astounding if they get away with this. I expected this type of move, but throwing some chump change onto the table to try to simulate a genuine deal, but this wreaks of cockiness, no one can touch us cookiness.
Fortunately, they still have the royalty stream, which should cover the current PPS. BUT, if they're willing to give away the IP, are they going to give away the royalty stream too? that might be harder to do and get away with.
So, they just sold all their IP for 800k while retaining some rights to future potential royalties? that's what it sounds like to me. so, we're now officially down to a company with only royalty income coming in? No, potential now for some big sale? is this your take?