Not sure why you are saying ‘a capital raise will be needed’.
Leaving aside the current financials, which looked fine on 28 November & still do, the only thing that would be “nice” is a ‘capital injection’. But, as we both know, that can take so many forms & come from so many sources.
So, why don’t we just see what happens next. And I, for one, am not unhappy with Novartis’ (very tardy) notice - I’ve always seen them as hopelessly conflicted by their Incyte litigation, the ruxolitinib royalty $$ etc.
No material loss, as far as I’m concerned & it clears the decks.
Cheers
Ann: Update on Novartis Agreement, page-171
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