VentureBeat - Latest Comments in Precision Thera merger with “blank check” firm Oracle Healthcare collapses

Re: Precision Thera merger with “blank check” firm Oracle Healthcare collapses

Terry2009 — Wed, 19 Aug 2009 15:08:18 -0000

I think it's important to note that the activities of Precision Therapeutics have garnered more negative attention, as noted in this article: A Pittsburgh-based high-tech firm developing cancer diagnostic tests may have violated federal rules governing human subjects research by failing to obtain proper informed consent from participants in a key study...
http://www.tradingmarkets.c...

Re: Precision Thera merger with “blank check” firm Oracle Healthcare collapses

David Hamilton — Fri, 07 Mar 2008 02:55:27 -0000

I think (a) and (c) are absolutely correct. On (b), I'd only note that the SPAC Oracle Healthcare appears to be unrelated to Oracle the software company. SPACs are odd "blank check" companies designed specifically for acquisitions; in this case, I don't think the name shared with Larry Ellison's outfit actually means anything.

Re: Precision Thera merger with “blank check” firm Oracle Healthcare collapses

Raj Nihalani, MD, RAC(US) — Fri, 07 Mar 2008 02:27:44 -0000

A)Cuting the the overall size of the deal by 15 percent is one of the signs of disengagement
B)A big elephant like Oracle in this case does not get hurt in this deal.
C)External market events trigger provisions that made the acquisition untenable
It the cocktail of events that make or break the deals.
I feel this deal is a bust!

Raj Nihalani, MD, RAC(US)
Irvine