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TOPIC: BARDA Back payment

BARDA Back payment 23 Sep 2019 05:50 #13247

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On September 23, 2019, Plus Therapeutics, Inc. (the “Company”) announced that it received notice from the U.S. Department of Health and Human Services / Office of the Assistant Secretary for Preparedness and Response / Biomedical Advanced Research and Development Authority (“BARDA”) that, based on retrospective changes in indirect cost rates under Contract HHSO100201200008C dated September 27, 2012, as amended, BARDA has agreed to pay the Company approximately $4.6 million to reimburse the Company for work performed during fiscal years 2012 through 2019. The Company expects to receive such payment from BARDA in October 2019.

So- in the end Hedrick was right, that the BARDA contract was the most valuable asset- but apparently not by much.:grin:

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Board moderator and Site-owner. I still regret the day I started analysing the prospects of MacroPore (now Cytori) back in 2004- a left-over from the tech-bubble at that time from the century change in my portfolio- and became addicted to Cytori´s fat cell technology. :cry:

BARDA Back payment 23 Sep 2019 06:02 #13249

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While I am at it- I might as well post the shareholders presentation powerpoint (in PDF format though) that was issued last week I believe.

That Doxoplus has the general notation of being complex added now- maybe Franshei was right and they did have issues in manufacturing- does not have to be- but very possible.
Interesting too- there are now only 7 full time employees left and as to sharecount- beyond the 400K plus shares OS as of June 30- there are 4530 preferred C which converts roughly to the sum of 1 Mio shares OS for both.

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Board moderator and Site-owner. I still regret the day I started analysing the prospects of MacroPore (now Cytori) back in 2004- a left-over from the tech-bubble at that time from the century change in my portfolio- and became addicted to Cytori´s fat cell technology. :cry:

BARDA Back payment 23 Sep 2019 06:07 #13250

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fas wrote: On September 23, 2019, Plus Therapeutics, Inc. (the “Company”) announced that it received notice from the U.S. Department of Health and Human Services / Office of the Assistant Secretary for Preparedness and Response / Biomedical Advanced Research and Development Authority (“BARDA”) that, based on retrospective changes in indirect cost rates under Contract HHSO100201200008C dated September 27, 2012, as amended, BARDA has agreed to pay the Company approximately $4.6 million to reimburse the Company for work performed during fiscal years 2012 through 2019. The Company expects to receive such payment from BARDA in October 2019.

So- in the end Hedrick was right, that the BARDA contract was the most valuable asset- but apparently not by much.:grin:

//

Fas, did you have any expectation of getting anything from BARDA after the contract was terminated - PSTV should have indicated what was due them at that time - negligence.:bash:

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BARDA Back payment 23 Sep 2019 08:13 #13253

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And just for Hedge- the Oxford balance was 9.3 Mio as of June 30. Better than expected (10)
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Board moderator and Site-owner. I still regret the day I started analysing the prospects of MacroPore (now Cytori) back in 2004- a left-over from the tech-bubble at that time from the century change in my portfolio- and became addicted to Cytori´s fat cell technology. :cry:

BARDA Back payment 23 Sep 2019 10:14 #13257

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fas wrote: And just for Hedge- the Oxford balance was 9.3 Mio as of June 30. Better than expected (10)

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Not much better than I expected - right on!

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