IMU's expenditure was $44M last year ($30M was on R&D and they received $12M back), they currently have $206M in cash and if all the options are taken up at 12c before expiring in a few year then they will receive another $60M. And how much clinical trial updates will be released within those 2 years....
Ann: Azer-cel FDA IND Transferred to Imugene, page-40
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