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2.22% 4.6¢ biotron limited

Cash at the end of the last quarter was $2.2mil + $1.7mil for...

  1. Shroom
    177 Posts.
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    16/06/15
    10:39
    Post #: 15473432
    Cash at the end of the last quarter was $2.2mil + $1.7mil for the R&D refund that wasn't included in the April quarterly. So they've got $3.9mil in instant cash with a burn rate of ~ $900k per quarter. So plenty of cash to fund existing needs.

    Assuming all things positive - the raising may be to fund the next HIV clinical trials. Or to cover costs associated with the FDA application. Does anyone know how much an FDA app costs?
    BIT Price at posting: 15.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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