Funding is always an issue with small biotechs - BIT is not alone there.
Remember that any partnerships or say, phase 3 trial funding will only cover the trial costs - not the company's general operations costs. Some costs can be massaged into the trial costs - some staff costs and so other minor costs. BIT will still need to raise cash for these operational costs.
BIT only has funds for the first quarter of 2024 - plus the $1mil tax rebate which will bet through a main part of the following quarter.
So financially, funding should be at the forefront of BT's management - and I suspect it is anyway.
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