ADXS
Advaxis announced a new partnership for an undisclosed amount of money.
Cash concerns continue to plague the company, but this provides a valuable signal moving forward.
How shareholders will react is anyone's guess.
ADXS remains challenged by financial difficulty, left over from years of excessive cash burn and an inability or lack of desire to license their technologies. While this deal, in itself, it unlikely to solve the cash problems they face (as of the last quarterly filing, the company indicated that it has the funds to get through 2019 after a recent cost-cutting campaign), this is an important signal.
First, we know that ADXS is still capable of getting deals done. That may seem kind of silly to point out, but it has been a long time since we've heard management chattering about being in discussions over technologies like ADXS-HER2, with promise after promise that a deal was in the works.
Second, we know that there is indeed interest out there for the listeria-based immunotherapies, giving hope to the possibility that they will be able to continue development of therapies like axalimogene filolisbac in cervical cancer, and Ken Berlin indicated in the Q2 quarterly call that they would seek a partner in this setting,
in order to focus on their neoantigen therapies.
This has led to some speculation that a bigger deal for their cervical cancer program might be in the works, perhaps imminently done. I would continue to caution against expecting this very soon, as these deals can take a very long time to coalesce.
https://seekingalpha.com/article/4204012-cancer-highlight-advaxis-resurrects-dead-bone-cancer-program?app=1&isDirectRoadblock=false
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