Honestquestion. In plain English what does non dilutive funding mean? "Nyradahas signed a Collaborative Research and Development Agreement (CRADA) withWRAIR to enable the preclinical studies of Nyrada’s candidate neuroprotectivedrug. Under the CRADA, efficacy studies in TBI models established at WRAIR willbe undertaken. In addition, the arrangement enables Nyrada and WRAIR to jointlypursue non-dilutive funding to progress Nyrada’s preclinical studies for theneuroprotection program." Thereis $4m in the tin and a current burn rate of $1mpq.
NYR has great potential but looks to lack financial resources. I assume theywill be looking for the US military via WRAIR to fund it?
Given yourprofessional background how much will these pre-clinical studies cost do you think?
NYR Price at posting:
34.0¢ Sentiment: Hold Disclosure: Not Held
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