Announcement said should start early September, first thing he does after checking over the books is call some buddies and 'go this company will be huge' want to help us fund our expanding advanced trials.
Remembering have another $5.8 million in IMUOC coming in over the next 10 weeks or so as well as sizable R&D rebate of several more million.
So this raise I am thinking would need to be circa $25 minimum each to even move the needle.
But compared to Celularity's cash burn for R&D of ~ AUD $30 million per quarter LC and PH are still running a pretty lean ship over here.
Ann: Imugene appoints experienced life sciences CFO Mike Tonroe, page-75
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