(Total Views: 333)
Posted On: 10/18/2019 12:18:29 PM
Post# of 145248
I wouldn't have pre-announced that deal at all and merely reaffirmed an end-of-year deadline for partnering and raised enough to get to year-end some time ago. It's quite a common mistake actually among small biotechs: they raise funds at absolute lows because they thought their SP should naturally rise, and then struggle with financing. But the market can stay irrational longer than the company financed.
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