How much will Phase 2b and 3 cost? Is it still progressing since the aweful BIT225 assay results 'screened, not a selected hit' ?
It will cost waaaay more than what they currently have on hand
They also need more 'do-ers', lease premises, and equipment to do anything material to strengthen the Balance Sheet...so cash burn will continue to increase and weaken the Balance Sheet as Cash is the only major asset unfortunately
Poor form management, poor form
Where will they get cash from? I reckon, firstly from a Equity Raise at a price which is much much lower diluting existing shareholders and pushing any commercial deal down the road AGAIN
Here's what I perceive as the commercially weakening BIT225 results below. OOPSIE! and why can't management disclose these?...perhaps they want out at a higher price before public discovery...without transparency its not 100% known but with these guys and how they operate..its a high probability that this has been happening since 10c+ days...
38 assays and not a single hit from what they say is their best compoundlet that sink into your heads
ASSAY TYPE INDICATION SCREENING HIT ASSAY SOURCE 1 TSRI: CoV-2/HeLa-ACE2 screened, not a selected hit Calibr 2 TB oxidative phosphorylation inhibitor screened, not a selected hit Calibr 3 TB IMAC Assay screened, not a selected hit Calibr 4 Crypto-C. parvum proliferation (Sterling) screened, not a selected hit Calibr 5 TB growth inhibition screened, not a selected hit Calibr 6 Intracellular nonreplicating MTB screen screened, not a selected hit Calibr 7 STING agonist screened, not a selected hit Calibr 8 Wolbachia high-content imaging screened, not a selected hit Calibr 9 Malaria Sporontocidals screened, not a selected hit Calibr 10 Zika cytopathic effect inhibition (SH-SY5Y) screened, not a selected hit Calibr 11 Zika Cytopathic Effect Inhibition in Vero E6 cells screened, not a selected hit Calibr 12 TB Tyr-tRNA synthetase inhibitor screened, not a selected hit Calibr 13 A. baumannii HUMC1 Viability serum screened, not a selected hit Calibr 14 Intramacrophage Mycobacterium tuberculosis screened, not a selected hit Calibr 15 TB DGr screened, not a selected hit Calibr 16 MAVS Aggregation Assay screened, not a selected hit Calibr 17 A. baumannii HUMC1 Meropenem Potentiation serum screened, not a selected hit Calibr 18 Burkholderia pseudomallei K96243 screened, not a selected hit Calibr 19 Screen in Luciferase-expressing E. histolytica screened, not a selected hit Calibr 20 Viability on Pathogenic Acanthamoeba Castellanii screened, not a selected hit Calibr 21 Cell Viability on Pathogenic Naegleria fowleri screened, not a selected hit Calibr 22 Shigella flexneri growth inhibition screened, not a selected hit Calibr 23 SigmaE-Hfq inhibition screened, not a selected hit Calibr 24 Giardia 1536w Luciferase Assay screened, not a selected hit Calibr 25 LCMV Inhibitors screened, not a selected hit Calibr 26 tmRNA screened, not a selected hit Calibr 27 Trypanosoma cruzi Assay screened, not a selected hit Calibr 28 THP1-ISRE-SEAP screened, not a selected hit Calibr 29 Male Contraceptive Screen (Motility) screened, not a selected hit Calibr 30 Inhibitor of microbial choline metabolism screened, not a selected hit Calibr 31 WRAIR LADR-luc Assay (4 day) screened, not a selected hit Calibr 32 Biofilm-Inhibitory of Candida Growth screened, not a selected hit Calibr 33 ppGpp hydrolysis assay screened, not a selected hit Calibr 34 Block Rings and Gametocytes to Eradicate Malaria screened, not a selected hit Calibr 35 Mtb TrpRS Biochemical Screening screened, not a selected hit Calibr 36 Screen against Klebsiella pneumoniae (Kp) 757 screened, not a selected hit Calibr 37 hRSV High Throughput Screen screened, not a selected hit Calibr 38 DENV transmission blocking molecules (U4.4 cells) screened, not a selected hit Calibr
$10 Billion Deal, page-8173
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