I can't see how you can say that. The had $12 million 2 months ago. They are spending at $3.25 million a qtr so they have less than $10 now. Assuming that trials cost nothing additional, we have 9 months runway, but trials do cost more and companies would be silly not to raise early in this market. We are on a clear downtrend. Raising may not be a bad thing.
I can't see how you can say that. The had $12 million 2 months...
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