Katana, I share your view about the Bronchitol revenue and also believe it's Wont be profitable until later this year the best, cash flow will be merely enough for their ongoing operation but not for the new P2 trail.
I am afraid LOXL2 is already dead, just a matter of when the company to announce it. it doesnt seem likely after such a long time otherwise Gary Philips will be bragging in each of his never-changed "investors Presentations"
Ann: Pharmaxis Receives US$7m milestone from Chiesi, page-24
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