nagourney, page-8

re: sbp cash position/psoriasis Solbec have enough cash to last over 18 months at current burn rate without raising another cent .
The psoriasis trials now have ethics approval for commencement at CMax in Adelaide . I rang Steve Carter some time back and asked why they were going for an external treatment , unlike other chemos that have proven effective . He seemed to think it worked just as well either way and external treatment has a much faster track to market .
Unlike other chemos used against psoriasis there are no side effects expected . The concentration is much lower than that used against cancer . Anybody have any idea how long they will take ? The market for psoriasis drugs is up in the billion dollar range .
This is the first autoimmune disorder they are taking on with the SBP002 .