BOT 5.48% 34.5¢ botanix pharmaceuticals ltd

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  1. 7 Posts.
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    they have a current cash burn rate of 3m a quarter, so that takes them down to 14m at the end of June

    Normally companies want to have more than 6 months of cash on hand? and I don't know how much faster they will be burning cash scaling up a sales team, potential manufacturing costs (even if they are using a CMO)

    Just going off past history after they said the same thing (about being well funded) after the FDA knockback in September then getting a CR


 
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