It's good they are getting a cash injection. They need it,...

First 30 Last

Share
Profile

Follow
DocMcstuffins

7,809 Posts.

1342

26/02/21

20:11

Post #: 51376138
Share

Originally posted by finneces: ↑

page 76 of report "As of December 31, 2020, our cash and cash
equivalents were $77.5 million. We expect to continue to incur significant expenses and increase our cumulative operating losses for
the foreseeable future in connection with our planned research, development and product commercialization efforts. In addition, we
will require additional financing to achieve our goals and our failure to do so could adversely affect our commercialization efforts. We
anticipate that our expenses will increase if and as we:
• continue the research and clinical development of our product candidates, including MPC-150-IM (Class II-IV Chronic
Heart Failure (“CHF”)), MPC-06-ID (Chronic Low Back Pain (“CLBP”)), remestemcel-L and MPC-300-IV
(inflammatory conditions) product candidates" no mention of Ryoncil or SRaGVHD or ARDS. Someone else noted that the Ryoncil name was dropped from on the ARDS study name. Maybe something is imminent here in relation to Ryoncil? Also, if approved, there is an immediate reversal of the $18m in stock that was expensed through the manufacturing costs

Could the biggest piece of news be this on the next page 77
As described in Note 1(i) of our accompanying financial statements, as announced on February 26, 2021, we have commenced a
proposed equity-based private placement to a targeted industry investor to fund operations. The placement will close in the first week
of March, 2021 at which time cash proceeds will be received. Closing of the contract is subject to customary conditions. Proceeds
from the offering will be used for working capital and to prepare for confirmatory trials in lead programs as per FDA requirements.

Expand

It's good they are getting a cash injection. They need it, but it's a shame it's not public so would be investors can't take part.

And based on the statement you quoted it does sound like they are aware they'll need further trials for FDA approval for their products, which most of us could've guessed.

Hopefully the trials are better designed than previously. But this likely means another couple years at least to design, get ethics, get approved, recruit, finish and analyse the data.
4 Upvote

0 Great analysis

Reply

Top Stories

ASX Market Open: US Fed keep rates on hold but September cut more likely | August 1

1CG

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

STX

Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla

MGU

New results confirm Buena Vista's iron grades potential

There are more pages in this discussion • 268 more messages in this thread...

First 30 Last

Add MSB (ASX) to my watchlist

(20min delay)
Last $1.02		Change 0.015(1.49%)		Mkt cap ! $1.164B

Open	High	Low	Value	Volume
$1.00	$1.04	94.0¢	$11.76M	11.90M

Buyers (Bids)

No.	Vol.	Price($)
6	206912	$1.02

Sellers (Offers)

Price($)	Vol.	No.
$1.03	37637	1

View Market Depth

No.	Vol.	Price($)
2	1596	1.030
1	300	1.025
4	15951	1.020
3	46500	1.015
7	74203	1.010

Price($)	Vol.	No.
0.960	219	1
0.970	234146	1
1.000	1000	1
1.010	2903	1
1.020	11682	1

Last trade - 16.10pm 31/07/2024 (20 minute delay)

MSB (ASX) Chart

It's good they are getting a cash injection. They need it,...

ASX Market Open: US Fed keep rates on hold but September cut more likely | August 1

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla

New results confirm Buena Vista's iron grades potential

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

It&apos;s good they are getting a cash injection. They need it,...

Top Stories

ASX Market Open: US Fed keep rates on hold but September cut more likely | August 1

One Click Group jumps 4% after ending quarter with $2.4M in cash; $1M in revenue and 150K+ users on board

Trimmed CPI figure provokes market jump of 1%, but inflation pressures remain a reality

Strike hands $48.5M contract to Clarke Energy to produce 20x 4.5MW gas engines for Sth Erregulla

New results confirm Buena Vista's iron grades potential

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

It's good they are getting a cash injection. They need it,...