Opexa, Inc Annual Shareholder Mtg

A board to discuss Tcelna as a treatment for Multiple Sclerosis

Opexa, Inc Annual Shareholder Mtg

Postby JanethePain » Sun Oct 02, 2011 9:54 am

Copy of the report, p. 31

"We currently intend to use the proceeds from the Feb 2011 public offering for general corporate purposes...and to prepare for and proceed toward the initiation of a pivotal Phase III clinical study... although the(se) proceeds would not be adequate ($7.6 million) to proceed materially beyond initiation... (dosing of the first patient[s?]) or to complete such a study...

"A pivotal Phase III ... is expected to involve 240 patients and take approximately 2.5 years to complete... the costs of such a study as well as ongoing expenses ... are estimated at approximately $35 million.

"Unless we secure at least a substantial portion... we would likely not proceed with the initiation of the study."

Not encouraging, kids.

I'd resigned myself to holding on for getting Tovaxin once it comes to the market IF we Phase II lab-rats didn't qualify for the next study but this make me wonder if Tovaxin will ever get to market at all.

UGH
Jane the Pain
User avatar
JanethePain
Family Elder
 
Posts: 223
Joined: Wed Jun 13, 2007 2:00 pm
Location: Historical Glendale, OH: Home of the Squirrrels

Advertisement

Re: Opexa, Inc Annual Shareholder Mtg

Postby Lyon » Tue Oct 04, 2011 5:03 am

..
Last edited by Lyon on Wed Nov 09, 2011 8:06 pm, edited 1 time in total.
Lyon
Family Elder
 
Posts: 6063
Joined: Wed May 03, 2006 2:00 pm

Re: Opexa, Inc Annual Shareholder Mtg

Postby JanethePain » Tue Oct 04, 2011 6:22 pm

I think we're going to be on a roller coaster for about the next six months. And if Opexa has to disband, THEN we'll probably see one of the Big Boys (Merck, Teva, Bayer, what have you) sashay in and pick up this stuff for pennies.

At this point, though, I'm ready for it to happen. If anyone else can get this to market, it's high time to step up and do so. And those millions for development are chicken feed for these Big Boys, you know.
Jane the Pain
User avatar
JanethePain
Family Elder
 
Posts: 223
Joined: Wed Jun 13, 2007 2:00 pm
Location: Historical Glendale, OH: Home of the Squirrrels

Re: Opexa, Inc Annual Shareholder Mtg

Postby Lyon » Wed Oct 05, 2011 3:46 pm

..
Last edited by Lyon on Wed Nov 09, 2011 8:00 pm, edited 1 time in total.
Lyon
Family Elder
 
Posts: 6063
Joined: Wed May 03, 2006 2:00 pm

Re: Opexa, Inc Annual Shareholder Mtg

Postby sushifishman » Thu Oct 06, 2011 3:10 pm

First time poster.

I first became I Interested in Opexa because my wife has a mild form of MS. I was searching for a company that has treatments for MS.

I have been invested in Opexa since Aug of 2009. It has taken for ever to get to phase iii.

I firmly believe we are on the cusp of phase iii. Take a look at their career webpage. They have added 5 new positions they are seeking to fill. Two added two weeks ago, the others since the summer. Why add over $400k in salary and benefits if you do not think you are going to start a clinical trial.

The big if is can the get $35mm to support this. All indications are that they are moving forward so they must feel that they can get the funding.

Good luck to you all and have faith
sushifishman
Getting to Know You...
 
Posts: 10
Joined: Thu Oct 06, 2011 3:02 pm

Re: Opexa, Inc Annual Shareholder Mtg

Postby JanethePain » Fri Oct 07, 2011 11:28 am

Lyon wrote:I agree with your outlook but where did you come up with six months, just a guess?

I'm figuring that January will kick off their new section with the 240 patients. And then it'll take from January until April before they make a statement about just how much they can and cannot do and how soon their money will run out.

Lyon wrote:While in the process of looking for something else, I found this http://tinyurl.com/6g6dgbj which is nothing more than interesting reading, but it is interesting.....

I found that interesting, too. Confirms my suspicions that if Opexa folds, a bigger fish might be hanging around to pick up the pieces. There was a blurb in that report about something/someone in Israel. I'm sure Teva has quite an interest in this so this connection isn't surprising. Just wish things would go a little faster!
Jane the Pain
User avatar
JanethePain
Family Elder
 
Posts: 223
Joined: Wed Jun 13, 2007 2:00 pm
Location: Historical Glendale, OH: Home of the Squirrrels

Re: Opexa, Inc Annual Shareholder Mtg

Postby JanethePain » Fri Oct 07, 2011 11:31 am

sushifishman wrote:First time poster.

I first became I Interested in Opexa because my wife has a mild form of MS. I was searching for a company that has treatments for MS.

I have been invested in Opexa since Aug of 2009. It has taken for ever to get to phase iii.

I firmly believe we are on the cusp of phase iii. Take a look at their career webpage. They have added 5 new positions they are seeking to fill. Two added two weeks ago, the others since the summer. Why add over $400k in salary and benefits if you do not think you are going to start a clinical trial.

The big if is can the get $35mm to support this. All indications are that they are moving forward so they must feel that they can get the funding.

Good luck to you all and have faith


I sure wish this would move along fast! TOVAXIN is a super product (my own experience here) and needs to be on the market.

I really think that autologous vaccine should have a separate track for FDA approval.
Jane the Pain
User avatar
JanethePain
Family Elder
 
Posts: 223
Joined: Wed Jun 13, 2007 2:00 pm
Location: Historical Glendale, OH: Home of the Squirrrels

Re: Opexa, Inc Annual Shareholder Mtg

Postby Lyon » Sat Oct 08, 2011 6:27 am

..
Last edited by Lyon on Wed Nov 09, 2011 7:59 pm, edited 1 time in total.
Lyon
Family Elder
 
Posts: 6063
Joined: Wed May 03, 2006 2:00 pm

Re: Opexa, Inc Annual Shareholder Mtg

Postby sushifishman » Wed Oct 26, 2011 2:52 pm

Let's hope for some news to tomorrow or guidance at the shareholder meeting
sushifishman
Getting to Know You...
 
Posts: 10
Joined: Thu Oct 06, 2011 3:02 pm

Re: Opexa, Inc Annual Shareholder Mtg

Postby Lyon » Sat Oct 29, 2011 4:34 pm

..
Last edited by Lyon on Wed Nov 09, 2011 8:16 pm, edited 1 time in total.
Lyon
Family Elder
 
Posts: 6063
Joined: Wed May 03, 2006 2:00 pm

Re: Opexa, Inc Annual Shareholder Mtg

Postby sushifishman » Sun Oct 30, 2011 10:52 am

All I know is they have 6 new positions they are looking to fill. Now at 15. They have hired 4 people since last nov. Why increase your head count by over 50% if things arent moving ahead? Check out the job descriptions on their website. Why do they need these positions?

They will be releasing earnings in the next 9-10 days with some additional updates.


Let's hope for some news soon..
sushifishman
Getting to Know You...
 
Posts: 10
Joined: Thu Oct 06, 2011 3:02 pm


Return to Tcelna (Tovaxin)

 


  • Related topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: No registered users


Contact us | Terms of Service