NP from article last week, 30M to revenue. I assu
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Posted On: 03/20/2019 10:20:04 PM
NP from article last week, 30M to revenue. I assume he probably meant January 2020 as am estimate on BLA approval. 30M/9.5 months = 3.2M month burn rate. It had been 5M per month last quarter preparing the BLA, the extra going to CMO cost. Interestingly, this raise matched exactly 1 month burn rate using that estimate. They have raised $21M now since the last 10Q in December.
Quote:
He believes the company needs $30 million more to finish its application and get Cytodyn to the point of achieving revenue.
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