Any instituitonal placement from the US is a sign of confidence. Unfortunately, will probably need to leave some crumbs to our Oz brokers ... expected.
Biotech funds in the US backing a biotech company in Oz will send shockwaves around the globe.
Look at our newsflow, our products, our management .... this will just be another company TICK along to phase 2.
We needed money. We need it for RnD. This wasn't news. Sure, we expected it after phase 2 results, but that's realistically only 4-6 weeks away now....
If this is the go, that's as good as it gets to raise capital IMO. All while management held up their end.
Any instituitonal placement from the US is a sign of confidence....
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