MSB structure and operation is like a prestigious scientific...

MSB structure and operation is like a prestigious scientific institution with great ideas, marvelous technology, running numerous trials/partnership, finding manufacturing partners and finally releasing potentially revolutionary products. But, it's not a government entity. In the end of the day, all boils down to having enough money to support all these phases, all the way to having completed products on the market.

Its cash position at the end of March stood at $100 millions AUD. Its quarterly cash burn is about $22 millions. To me, the cash position looks solid, having at least a year without worrying too much about capital raising.
Let's hope MSB can proceed at least one of its three "tier 1 products", currently in phase 3 into approval stage.
Phase 3 to me still carries significant uncertainty both on the time frame and outcome.

Great science! just need some luck to make it into the market.