BTA biota holdings limited

somewhat perplexed, page-11

  1. 8,877 Posts.
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    Looks like status quo and continued cash burn with a hope and pray attitude.

    We are going to run out of money quicker than jack flash. As least the BOTA salaries continue. Highlights or lowlights.

    ""we were verbally informed by ASPR/BARDA that the reasons for the U.S. government deciding to terminate our contract for convenience were not performance-related, but included: the challenging clinical development path and related costs to continue the development of laninamivir octanoate; the emergence of resistance to laninamivir octanoate in H7N9 virus strains; and the suitability of using laninamivir to treat critically ill, hospitalized influenza patients""

    So who's telling porkies. It gets better.

    ""Therefore, it is possible that we may not successfully derive any significant product revenues from any of our existing or future development-stage influenza or other product candidates that we are developing now, or may develop in the future. We expect to incur losses for the foreseeable future as we intend to support the clinical and preclinical development of our product candidates. Also, due to the recent termination of our contract with BARDA, we anticipate that our revenue from service and cost of revenue will decline substantially in the future as compared to current levels.""


 
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