I hope you're right, but I think the company is about $5M short of where it should be funded to maximise the ROI here. Yes, we very-well may have a cash runway into mid 2026. However there is no way we will get to that point without sourcing additional funds. Ideally, this will come from the exercise of the 30c options in April, and/or an upfront payment from a commercial partnership. Unfortunately, both of these are looking pretty unlikely right now, so the next most logical outcome will be a capital raise.
I am pleased to see the GvHD recruitment rate significantly increased last quarter - this bodes well for the results to be released by the end of the year. The only downside to this is that we may get another cap raise before the results are released to the market, the same way it was conducted with the DFU results late last year. This isn't a massive problem, but it is frustrating as a long term holder. But you never know, developments in the US could change all sorts of things in the MSC space, for better and worse, so it isn't worth getting too hung up about it.
CYP Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)