Can someone confirm if we require the full $25M to conduct the Ph2/3 STRIKE study or if that is the total to complete the study to the end.
Therefore, if we can at least fund up to 24 weeks of the trial and have then the possibility to have further funding injection from FightMND (~$2M) and potentially be included in the Healey trial which reduces our costs of trial (40-50%) we actually could be in a good position financially now with this latest cap Raise of $10M + with the SPP still to be rolled out.
In hindsight MT could have just rolled out the biggest masterstroke that is yet to be seen.
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- Ann: PharmAust raises $10 million via Placement and announces SPP
Ann: PharmAust raises $10 million via Placement and announces SPP, page-18
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