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12:44
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Originally posted by kogarahboy:
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I have again carefully read the analysis by Bell Potter dated 8th December 2021 and come to the following conclusions "We have increased our R&D forecasts for FY21-FY23 to account for the cost of a Phase 2 trial for NNZ-2591 in PWS and costs related to foundational activities(including manufacturing) in preparation for Phase 3 in parallel." Page 5
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KB .If you go the investor presentation in September 2021 you will see that the Phase 2 trial for Prader Willi has been costed out at $7 million .I spoke to the company regarding the capital raising and they said they had enough money for the 3 indications for nnz2591 but not Prader Willi thus that’s why they raised the capital .The capital was also going to be used for foundation work for Phase 3 for nnz2591 .Accordingly they are very well placed for capital at present .
(20min delay)