Its old but its R&D....documented and could be used at anytime. tweak
Its R&D and new articles have been post in the past couple years ...its documented research and will be referred to at a later date.....The Arena-originated agent is also under development by US major Merck & Co and the move prompted the latter to make a $4.0 million milestone payment under their research and license agreement centered on compounds targeting G protein-coupled receptors with the potential to regulate plasma lipid profiles.
the money will be made on relabeling......happens all the time.
If they don't cut costs (its obvious they should) its a take under.
Never sign a contract for the control of your life blood without a complete cease & desist agreement. If you see no value in a collaborative effort involving Merck then you should probably be put on ignore but since you're here I'll respond.
Just a MM being greedy again.
its bad and the management has had one priority shareholders first....never happened. They should be locked out of our cash and forced to sell at whatever option received.
They have taken the company nowhere ....sat & collect their checks....probably golfing.
yes......we've done our research, filed our patents, improved our 1 product, established some partnerships, have on going trials, looking at orphan drug & fast track status, 4 drugs in phase II, still have over 250 employees that Jack's empire has left behind. We would like to feed them but with R&D declining & lead scientist moving on its time to make pies out of the apples on the table. You can sell pies & make money.....this science project is becoming a business that means business.
This might be good he's had to think on his feet. Recognize value – or the potential for value – where others cannot see it. Depending on his connections he might be the right man for the job.
Wall street just removed the ammo from the management team by shorting the heck out of the stock. At $2 and cash in the bank Amit needs to secure all the hatches & reduce spending. HEADCOUNT !!!! bring it down to nothing....get rid of all of Jack Leifs relitives.
He has to act in the interest of the shareholders or be held accountable. Employees need to go but so does the BOD. They have all misrepresented shareholders and collect nice salaries for no results.
This is just added goodies for a buyer
Amit will have to start tossing bodies unless a buyout is next to be announced. This is the last slap in the face for retail.......this is once again at our expense.
7 months doing nothing! Hickson & the BOD should be held accountable they are just completely irresponsible with public money & then they dump it on the new guy in a panic. Where are the MAJOR LAYOFFS!!!!! Who was protecting capital resources.....all of them need to go down!
He should sell this company as soon as possible. The previous administration was completely held up by shareholders that took on the debt so the company didn't have to. ARNA is all raw material it needs to be sold to real businessmen to convert to products in a timely manor. Amit might be the man to do this if he gets rid of the rest of the previous administration. They have been floating doing nothing and cashing out on stockholders.