It's good they are getting a cash injection. They need it, but it's a shame it's not public so would be investors can't take part.
And based on the statement you quoted it does sound like they are aware they'll need further trials for FDA approval for their products, which most of us could've guessed.
Hopefully the trials are better designed than previously. But this likely means another couple years at least to design, get ethics, get approved, recruit, finish and analyse the data.
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