The result of the consolidated entity has increased from a loss of $(3,093,163) in the year ended 30 June 2016 to a loss of $(4,090,257). This is primarily due to the cost of running the Phase IIb clinical trial of NTCELL in Parkinson’s disease and the cost of manufacturing NTCELL for the trial. Cash and cash equivalents has increased from $5,301,999 to $7,530,033 due to a private placement to institutional and professional investors in November 2016 raising net $5.9m, partially offset by NTCELL manufacturing, clinical trial costs and ongoing corporate expenses.
Not too shabby
The result of the consolidated entity has increased from a loss...
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