Still exploring funding options but positive is cash burn a lot lower than expected, now until the end of next year. Updated data in H2. They don't need to take a bad deal...
$crbu
@ahenryokc So you selling out on this news? The ATM facility is something we all knew was in place, for precisely this situation in Biotech. Just my opinion but I think the market will read this update as neutral at worst. It's very pleasible they strengthening their negotiation position
@ahenryokc I am seeing just under 5%? This is frustrating but you can't argue the company have a strategy. Streamline, conserve cash and focus on their best assets. Communication on the funding options has been terrible but they are doing a lot right. Hold
@ahenryokc I'm intrigued but probably lean towards your thought, very neutral. Wondering if they will acknowledge the Pfizer expiry and add some colour around that. A hint of a partnership/direction would be nice !
@Theoriatheoria Not me, they have cash runway until H2 next year and have a compelling RMAT status treatment (to people that would normally miss out) that will help 1000's, accompanied with excellent initial results. Not going to happen
The more I look at this company and current SP, the more I think you trust your instincts and fill up. Market cap of just over 150 million bearly covers cash position. The Allogenic story is compelling...they have the results so far to make it work.. $crbu
@ahenryokc I hear you...sp has been awful and there seems to be very few takers at the moment. But fundamentals and all the tidying up the company has been doing hints that something positive around the corner...