Nowak, Quest, Sexylady, others.... what are your thoughts? Appletree is in the business of buying other companies and drugs and then developing them and selling for a profit. It doesn't make sense to my that Braeburn will have prophubine as it's flagship drug and have it owned by TTNP. My thoughts are that they are just confirming FDA approval and the will buy Titan outright (prophubine and future rod applications ). They then basically get all their own milestone, marketing investments, ROW, etc. I think they are weighing the timing of how much it will cost to buy Titan once the are guaranteed and approved drug. What does everyone else think?
It makes sense for Braeburn, so it seems. And many investors here would be happy with a quick "double". But TTNP is in a very good position as an independent bio development company. They probably don't want to be bought. They still own the underlying proneura technology and will have plenty of money funding potential new uses of it. Sunil actually negoitated a pretty good deal for TTNP. I guess it is possible but probably not at $4. On approval, the sp will be on it's way to $4 anyhow; they will have to pay up for the rest of proneura. I can understand investors wanting the $4 now; it gets tiresome waiting.
The cost to raise 75-100 million dollars (the money we'd need to launch the drug) would be so high that we'd probably see 200%+ dilution.... Actually, it would be way more than this because the pps is only where it is today because of Braeburn.
That's assuming someone would give us the money in the first place.
It's probably fun living in a dream world, but you need to come back to reality. Small time biotechs don't market their own drugs. If they do, you end up seeing sales like CXM has where they sold 4K of their product in a quarter.
Braeburn has rights for probuphine for NA and Canada only. Titan still holds ROW for probuphine, albiet small, and also proneura for pain, parks. etc. Anything can be sold and ttnp has only sold a fraction of the company. We can speculate what that fraction is or estimate the value of probuphine for NA and Canada.