RAC 0.00% $1.89 race oncology ltd

Responsibilities of the team, page-58

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    What makes you think they are looking for another cornerstone investor?

    IMO the area management is light on is manufacturing, sales and distribution. A celgene type partnership mitigates this risk and ticks every single one of our boxes:
    - Trials paid for
    - Additional upfront funding for general business
    - Maintains US sales (biggest market)
    - Royalties on net global sales
    - Equity investment in options covering additional operational costs (if required)
    - Additional payments on achieving key milestones

    This should (and probably is) the board's priority. A partnership would pick up the slack and provide limited/no dilution.
 
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