There is no way that the company will raise when they have $20M in the bank, in a fully funded Phase III that only takes just over a $1M a year in admin overhead.
They will run this to the trial readout without a need for a further capital raise, as they raised to be fully funded, then caught $3M-6M in unexpected savings by going with Peptron for manufacturing rather than going it alone, and saved 12 months in the process of other overhead costs. Fully funded and some.
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