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I suppose the upshot of all this is that we now, at the very least, have an upfront payment (albeit probably small) that offsets against the defaulted Chinese payment. It sounds like this gives Oxilio 6 months in which they alone can choose to do something with NXP001 or not.

If they decide to exercise the option then we get another "significant" upfront payment with possibility of further development milestones and then, if all works, up to 2m in royalties per annum.

Its not blockbuster stuff. However, by taking a chunk of money up front rather than as % royalties, we are basically minimising risk at the expense of later reward. My guess is that Oxilio are a small outfit and so they won't be paying out huge sums at this stage.

The real question here whether the exclusivity clause applies to the option exercise alone or the use of NXP001 overall. This will determine whether or not we can use NXP001 in the future for other deals.

This deal is probably just a means to an end which may enable NFX to progress the other products hopefully further without damaging dilution.

Hopefully we'll get some kind of podcast too, like we did for the results.

As you say, not alot to be found about Oxilio but one of the Directors, Dr Simon Yaxley, appears to have been associated with the setup of a company called Premier Research in 2004. They still seem to be going and I found an article linking him to acquisitions made made by that company as recent as 2017

I'll gladly eat my words from my previous post.

Well done NFX. It's good to have news

It's certainly starting to feel like that price wants to be at rock bottom. Even the P&D bounce buyers appear to have been scared off.

Nothing would surprise me less at this point than for us to receive a derisory offer out of the blue from some 'good samaritan' who is prepared to take all this uncertainty off our hands.

If NFX were a football team they'd probably be looking for a new pub to play for!

The internal wrangling has given it a somewhat unprofessional demeanour. The continued radio silence does nothing to dispel that.

An oasis of red in a desert of blue today

Morning.

It's cracking the flags here too...the hail, that is.

On the subject of Yatai, it seems they also nowchave an interest in the Canadian cannabis market.

https://drpgazette.com/2020/09/10/benchmark-botanics-inc-otcmktsbhhkf-clinches-a-controlling-stake-of-51-in-1139000-b-c-ltd-posts-a-growth-of-106-54-in-h1-2020/

I wonder if this will bring them into contact with Ebers at some point.

...or are you just going for the No.1 spot?

;0)

You think they'll pay up?

Badass!

You're No 58 AbMan

That said SoupDragon is actually worse than first made out...top 10 now, just below Michelle.

No.11, that is shocking Soup!

I , on the other hand, am No. 272, pure as the driven snow.

Well, I've had enough of relying on the so-called mystic powers of others on these various boards. I've therefore bought my own book on tea-leaf reading....just need to setup a twitter account now.

Probably next week now

Enjoy!

Having built up a business which specialises in providing inhaler/nebuliser solutions, you'd have thought Chris Blackwell would have the contacts in place to get things moving rapidly on that score.

Vaseline & Castor Oil...it works wonders!

Another article I found about the long term impact of covid. It's written from the perspective from someone who has suffered but I found the government comments to be interesting as they seem to believe that there is no correlation between the severity of the initial illness and the longer term symptoms that can arise

https://www.google.com/amp/s/www.manchestereveningnews.co.uk/news/health/what-coronavirus-stays-you-life-18908877.amp

'Matt Han**** said at the Health and Social Care Committee the following day: “The long-term impacts of covid are not very strongly correlated with severity of the initial illness. While we have a significant amount of work going into supporting those who come out of hospital, this is not just about people hospitalised.

In fact, this is especially relevant for now with the latest rise largely among young people, it doesn't matter how serious your infection was the first time, the impact of long covid can be really debilitating for a long period of time, no matter if your initial illness wasn't all that severe.”'