RE: Mei Pharma - SRA737?21 Feb 2024 11:26
GlenFidrich.
My thinking is along the lines of people involved historically.
The involvement of Nick Glover who was CEO of Sierra Onology when 737 licenced to them
Plenty of good work carried out.
Michelle Garrett was an advisor to Sierra Oncology.
Sierra ceased development of 737 to concentrate on Momoletonib, even to the point of robbing funds that had been allocated to 737.
Nick Glover resigns.
Sierra Oncology played the game of drawing out progress to nigh 3 years. Reduced milestone payment had been agreed after a year of no development and in effect no further progress made with except 'final design stage'
Michelle Garrett had been working on developing in combo therapies with CHK1 inhibitors beyond discontinuation by Sierra Oncology.
GSK buy SO for 1.9 billion meeting their main objective for Momoletonib commercialisation.
If this as they stated was the main purpose then what may we ask were the other objectives?
At time of sale there was an uproar and nigh revolt by shareholders believing that SO had been way undervalued with consequent sake. Soon after thus Steve Dilley the CEO of SO resigned with plenty of perks ie around 1.5 million dollars.
Why did he resign?
You also have work carried out my Michelle Garrett in some form or another involving Nick Glover and 737 ( alternative resistance pathways from memory)
We,also have the 500,000 shares. At present MEI around 4 dollars a share. Market Cap of around 30 million dollars.
On addition the info given regards milestone payments is nigh an identical continuation of the licence agreement made between the CPF and Pronai Therapeutics.
There are too many coincidences here.
Regards