Ok, so the canine deal comes through; have to be glad for that. But ... look at the numbers:
"Under the agreement, Aratana made a one-time upfront payment to Advaxis of $1 million and an additional $1.5 million equity investment in Advaxis common stock and warrants. Aratana agreed to pay up to an additional $6 million in clinical and regulatory milestones for each of the four products, assuming approvals in both cats and dogs in both United States and the European Union. In addition, Aratana agreed to pay up to $28.5 million in commercial milestones. Upon regulatory approval and commercialization of the immunotherapies, Aratana agreed to pay Advaxis a tiered royalty ranging from mid-single digit to 10% on net sales."
This is not the stuff of financial transformation.
And Aratana? Again, not the big name one would have hoped for.
This looks like a deal that could be made, not one that should be made.
I've been in and out of ADXS for years now. I want to believe, but keeps getting harder.
Help me understand that this is more than just a deal; that it is a BIG deal.
I`ll say this,I like dogs better than most people,so this is great news for dogs--21 months and the four dogs are still alive and going strong-sounds like they`ll die of natural causes now,like old age. Tumor free !!!!!! Face it guys we all believed in the ADXS science and now others will understand the promise of our belief. I hope MNGT has plans to get the word out to every Vet in the world that a cancer cure for dogs is on the way soon. Don`t forget the revenue from this basically found money project,will fund a lot of human trials going forward,rather than share dilution to raise capital.
My guess is you are "out" of Advaxis at this point and hoping to get in as cheap as you can. Good luck and Goodbye. I bet it hurt to listen to the CC for you. Listen to it again and wish you had bought yesterday. Waited to long cockroach