Imcalm - you are correct
However money still needs to be raised sometime this calendar year. Possibly before clinical trials begin. Why - because a 200 patient trial conducted in multiple jurisdictions will not be the end of the company's expenses. With larger premises in Sydney, and I expect increased overheads, the ACW could ask for more funds, sooner than later
Expectations of a capital raising to fund clinical trial might not be too far away, page-4
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