A registrational clinical trial for Azer-Cel is the catalyst for ~$40m in milestone payments to Precision.
Which IMU don't have...
As of today they have ~$10m cash on hand and look set to raise a meagre ~$30m from these future raises (i.e. they don't have the cash to fund the actual registrational trial).
https://hotcopper.com.au/threads/ann-dr-john-byon-appointed-chief-medical-officer.8604987/page-46?post_id=79260737
It will be a miracle if IMU is still solvent by Christmas. It's no wonder the CSO just jumped ship. Who is next?
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