“We have materially strengthened our cash position, and at the same time implemented tight fiscal control that will result in a reduction of approximately 20-25% of quarterly operating cash burn in comparison with the last 2 quarters (Q1 FY2016 / Q4 FY2015).
“As a result, we have sufficient runway to deliver on important value inflexion points for our heart failure, back pain and rheumatoid arthritis programs, and to file with the FDA for approval of our pediatric graft versus host disease product candidate.
“Mesoblast’s visibility and liquidity will increase in the largest market for biotech companies as a result of our US listing.
“In addition, we intend to conclude additional and appropriate strategic partnerships,” Itescu said.
This looks perfect to me.
Ann: Quarterly Results Filed on Form 6-K with SEC, page-3
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