a reasonable view IMO17 Mar 2018 09:03
from Trump on II.As the following is offered as a discussion document, I wonder how differently others see the competition for a MED2002 license playing out?
Feel free to rip it to bits, but please try to leave something constructive behind.
Background
It has been many years since a large Pharma showed interest in CSD500.
Futura worked well with SSL International to develop and commercialise this condom, but when RB became involved, they sidelined CSD500, then tried to renegotiate the agreement terms, and things unwound swiftly thereafter.
RB went on to take the Chinese condom market by storm, C+D wasted time licensing USA and parts of Europe, but eventually returned the rights. The biggest condom distributors are well aware of CSD500, but have so far not taken any interest they might have any further.
MED2002 License Competition
There is much competition to become the selected licensing partner for MED2002, and that partner will likely insert a contract clause providing the partner with options to buy either MED2002 or FUM. The possibility for a number of regional MED2002 deals was only vaguely discussed in recent RNS's, but all parties are accutely aware that another bonanza, appreciably bigger than that which surrounded Viagra and Cialis is the prize for the owner of the MED2002 patent.
The last RNS revealed that some interested parties wanted to license both CSD500 and MED2002, and that they might want a regional deal. The reality might be that what was discussed was a global deal.
I therefore suggest that some of those parties are using an interest in licensing CSD500, to remain on FUM's short list of most suitable partners for the MED2002 license.
At this point, I assume that FUM have already stated that they want the Phase III trial costs to be met by the licensee.
We do not know how the competition to remain on FUM's short list might develop.
However, competing Pharma might :
1 Offer money to complete Phase III testing of Pain Killers, with a view to purchase or license TIB and TPR products, additional to a MED2002/CSD500 license. The US pain killer market is ripe for ways to deliver non-addictive pain relief. If it is necessary to show interest in all three products however, surely a strait cash offer for the company makes more sense, subsequently selling off any products that are not of interest.
2 Offer to license Dermasys to deliver tried and tested drugs in their own catalogue topically and more efficiently, reducing or possibly eliminating side effects from the systemic application of present drugs. This might allow FUM to benefit from royalty payments, or trigger new patent applications to the longer term benefit of FUM.
In short, competing pharma must at all costs find ways to stay on the short list. JB has indicated little of the behind the scenes manoeuvring currently in play I think.
It seems that more offers are likely, - possibly when the PK studies are released?