Pre commercialization biotechnology companies always burn cash. It is the nature of the business. It can take decades to bring new therapies to market, as the FDA has a high bar for approval. However if there is a nod from the FDA for an early approval, then raising cash is much easier. With the announcements made already this year, Silviu can easily do a road show and raise whatever he needs for MSB.
Biotech companies have some of the wildest rides in the market. I think this one shall be an epic one ))
Pre commercialization biotechnology companies always burn cash....
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Last
98.0¢ |
Change
-0.010(1.01%) |
Mkt cap ! $1.118B | |||
| Open | High | Low | Value | Volume |
| 99.5¢ | $1.02 | 97.0¢ | $2.821M | 2.832M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 20688 | 97.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 99.0¢ | 35000 | 3 |
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| Last trade - 16.10pm 15/08/2024 (20 minute delay) ? |
| MSB (ASX) Chart |