There has been plenty of doubt posted in the thread for sure. I must admit,
I don't really understand why the relatively small amount of money that needs to still be found can't be found.
Surely even one relatively rich businessman with bad tinnitus or hearing loss would fork up the money in an instant?
At the same time, I want to believe that this drug is going to hit the market! I need to hang on to something.
I have a feeling that the biggest problem with Hough Ear Institute has to be the fact that there is likely to be apathy towards investing in their pill, unless these potential investors are actually going to obtain a return on their investment.
I have donated some money to Hough Ear Institute myself, however I am actually potentially (and most likely) not going to get any major return for doing so. However the interest from a business group or a business person to donate might be somewhat non-existent also for the very fact that they will not gain any commercial benefit from doing so.
Essentially a major element of contributing to and/or investing in pharmaceutical companies is to obtain a return on investment if the treatment is successful and can be sold. Since Hough Ear Institute has seemingly not been willing to agree to this, there is likely to be a real apathy to contributing when compared to privately operated companies who will offer potential revenue providing shares in exchange.
I also wonder whether the fact the Hough Ear Institute's proof of concept study has been commenced has also actually inadvertently indicated that the outstanding amount for this study can be funded internally? I make this assessment on the basis that I do not believe that Hough Ear Institute would cut off the research work midway now that they have started it.
I am not sure what the rules and operation criteria are for not-for-profits in American are, however in Australia it is possible to act and also operate as a not-for-profit company, while offering services for profit. This is seemingly the case with Hough Ear Institute as they are running the study/research, however the American pharmaceutical company who has rights to Hough Ear Institute's pill is Otologic Pharmaceuticals which would be headed up also by the Hough Ear Institute CEO.
Clearly anyone with any business nose would wisely investigate the companies involved in the development and manufacturing of the treatment, identify the connections between these organisations and the individuals involved, and be able to work out what is being done in relation to the pill development and who is going to benefit from the treatment's sale.
Therefore I can consequently assume that anyone who would consider investing in the research for this pill probably would not be interested. This would be for the simple fact that on face value, it appears that the set up of the pill's development and sale is somewhat loose and unclear. This is because someone cynical may believe that Hough Ear Institute and its not for profit identity may be getting used as a front for Otologic's operations. Therefore the money that they are donating is really going to be assisting Otologic Pharmaceutics. I am not saying this is happening, however this is a reasonable conclusion someone could come to, especially with the vagueness of the commercial operations setup that exists presently.
Thus if Hough Ear Institute wants to garner further funding for the pill, then I would certainly suggest that they come out clearly and explain things openly and in good detail too. This particularly relates to connection between Hough Ear Institute and also Otologic Pharmaceuticals and also again why they simply don't take the treatment through trials now for one of the indications which has already gained enough data from research.