Just do a very rough calculation. Let's just assume all cash AUD105m(after CR) are for trial, total around 1200 patients, cost per head is AUD87500. The average cost searched online for phase 3 is USD41117, take the inflation 10% incurred over last year, USD45228, converted to AUD63855. I guess funds should be sufficient to cover cost? Definitely it depends on how efficiently they run the trial and if there is any extra large expenses incurred.
Ann: Trading Halt, page-131
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