RE: RX vs OTC25 Jul 2020 16:15
exactly right on the funding for marketing bald eagle.my post wasn't very clear on this, as i can see on reading it again. also things like responsibility for production costs will have to be factored in and here it may be that these would fall on FUM, but at this point it's all conjecture.obviously you are correct in that FUM does not have the resources in its present form for these sort of things but how they are allocated in the final agreement will no doubt depend on the respective parties' bargaining strengths,so again the number of interested parties would become highly relevant.as to the timing of eu approval i think the only posts from me on that subject are ones which urge caution to be exercised re the time scale and one yesterday which referenced the formal RNS stating approval was targeted for 2021. i certainly dont expect it this year, although early next year is possible imo. of course the ema can ask for more information but i don't think the distinction which you and other posters have sought to draw between the EMA procedure and the fda procedures is as clear cut as suggested.ive posted on this before and am not going to go over it again ,other than to say that FUM will have had sufficient guidance and collaboration from the EMA when formulating the data package to ensure that it is as fully prepared as possible for this stage of the procedure. they may well get questions for further information etc,but this is equally the case with the FDA submission when made. neither procedure imo precludes the possibility of further information being required and in substance the procedures are probably equally or virtually equally, exacting. it simply isn't correct I'm afraid to say the FDA tell you of any shortcomings at the beggining.they tell you what they want but can only consider the adequacy of what is submitted once they have it. tbh bald eagle it's a very simple situation here. this is a very risky business. for me the likelihood of getting approval is greater than not getting it, but the consequences of not getting it are pretty dire. investors have to weigh this up .do you risk probably losing almost everything if it goes wrong or do you risk the undoubted considerable rewards which approval would bring .you and i can argue the toss all day long from our different perspectives (and perhaps with our different agenda) but that's what it comes down to.our views are just background noise which all potential investors should ignore.anyone who is worried about losing all their investment or for whom it would have a significant financial impact shouldn't invest.those who can afford a bit of a gamble with funds they could afford to lose could do very well.