REPORT: My 2nd Time (Call) with Dan Camardo - Thur., April 13, 2023...
REPORT: My 2nd Time (Call) with Dan Camardo - Thur., April 13, 2023...
(Screenshot) 2nd Time (Call) with Dan Camardo - Thur., April 13, 2023...
I'll get right to it...
- Dan Camardo explained to me the Athersys to Host Business Update Conference Call on April 20th (2023) will include a projection for completion of enrollment for the MASTERS-2 STROKE Trial, an estimation for when 365 day results will be released, and plans for the "Interim Analysis"...
- "Interim Analysis": I got the sense from Dan the time required to perform the analysis will take less than a month to perform...I threw out the cost (for the analysis) of less than $0.5m?...Dan's facial reaction indicated to me far less than $0.5m...
- At the start of our meeting I reviewed our previous meeting (the first time I met with Dan - Tuesday, July 19, 2022 - My Time With Dan Camardo and, Karen Hunady (Tues., July 19, 2022)...At that first meeting I urged Dan to consider a 365 day endpoint (for MASTERS-2), and keep the 90 day endpoint (mRS Shift)...So as to compare 90 day results vs. 365 day results...To, therefore highlight the difference and improvement we expect at 365 days!...As we all know, that's just what they did...With the cooperation of the FDA - Athersys Announces Successful Type B Meeting with the FDA (Primary Endpoint: mRS Shift at 365 Days...Secondary Endpoint: mRS Shift at 90 Days)...According to Dan, enough cannot be said in favor of these MASTERS-2 trial protocol/endpoint changes...Including the opportunity to perform the "Interim Analysis"...
- In continuing our review of our previous meeting...I asked Dan, if he was able to talk to Dan Gilbert? Dan Camardo, responded NO, but he was able to talk to a representative for Dan Gilbert...And, although, Athersys' core technology does not fall into the wheelhouse of Dan Gilbert's companies...There is a channel open for possible future communications...Possibly(?), when "Interim Analysis" are announced/presented...(Take this ALL with a Grain of Salt)...I appreciate Dan Camardo's efforts!...
- So now we get to the fun part...My QUESTION to Dan...How does Athersys get to the period of time when they ANNOUNCE MASTERS-2 365 Day RESULTS???...How will they be funded till that time?...Dan and I were of the same mind of describing this POSSIBLE SCENARIO: A potential partner for STROKE secures a right of FIRST REFUSAL (Say for $10m?) which will include a "Interim Analysis" result...If that result is favorable?...All Hell Could Break Loose!...(My description)...Meaning, not only the potential for a STROKE PARTNERSHIP, but a possible BUY-OUT OFFER!...Listen to me, please...It would not SURPRISE ME!...It would not surprise Dan Camardo!...Would it SURPRISE YOU???..
(Edit/Added) As was the case when PARTNERSHIP talks became BUY-OUT talks when Astellas (Japan) bought (OCAT) Ocata Therapeutics (Formerly, Advanced Cell Technology - ACTC) for $379m at $8.50 a share...Very Interesting Read - "Background of the Merger; Reasons for the Recommendation of the Board." (Ocata Therapeutics SCHEDULE 14D-9): You can START on page #11 - https://www.sec.gov/Archives/edgar/data/1140098/000119312515382140/d45216dsc14d9.htm
Athersys, Is NOT A ONE-TRICK Pony!...(Stroke, ARDS, Trauma, Animal Health, SIFU - Secure Integrated Freezer Unit, and More!)...Partnering with Athersys - https://www.athersys.com/business-development/default.aspx
Slide #7: Athersys Corporate Presentation (1/12/23)
Slide #7 Source: Athersys Corporate Presentation - Advanced Critical Care with Cell Therapy (1/12/23)
- Edit/Added - Of all the questions suggested to me to consider asking, I did manage this one from u/dame0031...I basically asked if Deerfield Management could somehow become involved with Athersys?...The reply - If not Deerfield Management, an entity similar to Deerfield could possibly become involved...
(Screenshot) two comments, above
(I may add to this report, either at this post, or in any comments I add on my own, or in any response I make to any questions)...
I may be a little different than some/many of you?...That's not to discount any of you that share my Hope and Devotion to Athersys (I know there's at least some!)...When I asked Dan Camardo, Is Bankruptcy Off The Table? Dan, answered in such a way to indicate to me that a path forward remains. How exactly that looks like remains to be seen...Hopefully, more will be revealed to our satisfaction during the Thursday, April 20, 2023 Business Update Conference Call at 11:00 am Eastern Time...
I'm LONG ATHX, and HOLDING TIGHT, TIGHT, TIGHT!...
(Off-Topic)...
OH!...I almost forgot!...I asked Dan Camardo, "Are you Italian?"...Dan answered, "Yes, just don't hold it against me" (funny - I'm Italian/American as well!)...Then...I just had to know, I asked, "Do you play BOCCE?"...Dan's face lit up...He asked me if I'm familiar with the courts in Cleveland?...I said, yes...Though I haven't played there...I informed Dan of how I became instrumental in leading the effort of having (4) BOOCE BALL COURTS built here in my city of Huntington Beach, CA - at Murdy Park...I told him no one believes me!...And, invited Dan to play next time he visits the Los Angeles area...We'll See!...
(Edit/Added) Just For Fun: "38th Annual Cleveland Challenge Cup of Bocce" at Wickliffe Italian-American Club
PS. Oh My God!...Please, don't tell u/klrjaa...Dan Camardo, is a BOCCE BOY, just like me!... :)
(Related Post/Thread) Anticipating my Face to Face with Dan Camardo, tomorrow (Thur., April 13, 2023)