IMO
Every good news announcement will help sustain a higher share price as the market need not worry how they will pay for progress
This is a huge uncertainty that the market no longer needs to worry about
Very few biotechs have the luxury of a $26m facility to draw upon as necessary
IMO
Without capital - good news after good news will most likely be sold off and keep spiralling downwards as the smart money knows without cash there is very little hope that ones hard earned will not vanish
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