My opinion coming up, listen or not! The STAR trial announcement did nothing and will do nothing. You must get an immediate partner for DNP. You have enough PK data to sell a partnership in DNP right now. You do not have the ability to do additional PK studies in 2008 and then hope to partner. It is your job to sell the potential of the Phase 3 for DNP with the information you have in your hands. The market, shareholders, or PP buyers, will not give you a very long leash to prove yourselves. Certainly, they will not stick around or be around for your PK results sometime in 2008. There should be no bonuses, stock awards, or salary increases until the shareholders here of your new partner. The recent grant of shares was an extreme faux paus with your knowledge of the history of this company. Your management value will be based on your ability to partner the DNP indication. Until then, you are in a "show me" situation, and until that time, any bonuses or stock awards should be out of the question. As you probably know, you are bordering on mutiny as it is, from Avanir's past actions, IMO.
There's enough PK data to prove it to Pharma, and they do not have the luxury of time. It will be the measuring stick of current management if they can sell it in its current state. I can sell it after exhaustive PK work, and I did not receive a stock award of over 100k shares!!!