I was at the Melbourne small cap conference today and someone directly asked in the Q&A if the BBI deal was on the back burner given the lack of prominence in the presentation. Basically the answer was yes it was for this year. We already knew the BBI IPO, which was subsequently pulled, delayed the progress. He made a comment that they are preparing BBI for another IPO attempt and focusing on profit so all new developments are on hold. Geoff still sounded positive about it getting over the line, almost as though it was inevitable (my interpretation not his words).
Overall the tone of the presentation was bullish I thought. As another poster mentioned Affymetrix are now using M&G in 150 products, up from 80 at the start of the year. Although he did comment that the revenues still are not significant. They are waiting to hear back any day from POC1 that 3 scientists will be contracted for 2015 and beyond. There was a general comment that part of the agreement for having paid scientists working out at any of the companies was there would be a sign on payment for any license agreement. There was certainly enough good information for me to hold happily.
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