Aug. 19 at 12:06 PM
$ALT
Good morning ☀️
RECLAIM’s positive AUD data were released on July 28. Jerry Durso bought 15,000 shares just 16 days later, likely too soon for newly sparked Big Pharma interest to have developed into advanced, material negotiations.
His purchase therefore doesn’t contradict a potential partnership scenario. It suggests that, as of August 13, any possible discussions were probably still too preliminary or non-material to prevent him from buying.
The timeline would make sense:
-> Positive AUD data attract interest
-> Initial contacts and NDAs follow
-> Due diligence takes place over the coming months
-> The FDA EOP2 meeting provides regulatory clarity
-> Concrete offers could emerge thereafter
This fits the thesis that RECLAIM may have activated one or more interested parties, just not that a deal was already close to signing when Durso bought.
