Let's think about what they have:
The cyclotrons are ancient, and back when they had talent they did all the engineering, maintenance, upgrades, etc. themselves. Now they haven't got that talent, and the cyclotron vendors have told them that they (the vendors) can't maintain them without a massive and expensive process to bring them back in line with the vendor's specifications. So they are running a huge liability there. On top of that, the vaults are so hot that they represent a massive cleanup liability, so getting out of the facility is essentially impossible.
They only have one product left with any legs, and that's Definity. Definity's patent will expire in a few years, and then what have they got? Maybe they can limp along on residual Definity sales and generators for a couple of years, but it won't get any easier. Where is the growth?
They fucked themselves with Xenon, raising the price until it brought a competitor back into the market. So good job putting $30 million at risk.
They haven't advanced any of their clinical products one inch in three years. That's forever, and in the meantime some competitive products have caught up. So the opportunity for products like the cardiac PET tracer is diminished.
Their spend on capex has been reduced to where every day the lights turn on is a small miracle. When you stop maintaining your facilities, it becomes an odds game. Maybe you'll get away with it for years, but any day could be the big failure.
So, I assume most of the Phoenix Rising comments are trolling, which is all good fun, but are there any true believers here that have a thought out counter point?
