RVV / RVVTF Finacial Statements Months Ended March 31,2020RVV / RVVTF Finacial Statements Three and Nine Months Ended March 31,2020
( Epressed in Canadian Dollars )
https://backend.otcmarkets.com/otcapi/company/financial-report/257054/content
So it would make sence that the news comimg out will be regarding another Brokered Private Placement and to be conservitive for Execution And Follow Through Of Phase 3. Plus costs to bring it to market if Phase 3 is successful.
Sept or Oct 2020 Brokered Private Placement
Shares 50,000,000 @ .15 = $7,500,000.00
Warrents 50,000,000 @ .20 = $10,000,000.00 Total Proceeds = $17,500,000.00
MARCH 18, 2020
70,088,150 Shares / Warrents = $4,205,289.00 APRIL 15, 2020
34,279.000 Shares / Warrents = $2,056,560.00 That is a Total of 104,364,150 Shares / Warrents Total Proceeds $6,261,849.00
Below Table 1: Respritory System Phase 3 costs 23.1 $Million
Phase 4 costs 72.9 $Million
The cost of clinical trials vary based on therapeutic area. The average cost of clinical trials across all therapeutic areas in the US was around $30-40 million before approval (Phase 1+2+3) and roughly equivalent amount post approval (Phase 4). The total cost increases by few million dollars every year.
Here's a complete breakdown of costs as reported in 2014 by the US Department of Health and Human Services: https://aspe.hhs.gov/sp/reports/2014/ClinicalTrials/rpt_erg.pdf
The model uses detailed cost information made available by Medidata Solutions, a global provider of cloud-based solutions for clinical research in life sciences. The cost information is specific to the U.S. and presented by therapeutic area and clinical trial phase. Key findings with respect to costs include the following:
- Overall, the therapeutic area with the highest average per-study costs across Phases 1, 2 and 3 is pain and anesthesia ($71.3 million) followed by ophthalmology ($49.9 million) and antiinfective ($41.3 million) trials. Conversely, trials in dermatology, endocrinology, and gastroenterology have the lowest overall costs across the same three phases.
- Average per-study costs across all therapeutic areas increase as clinical development proceeds from Phase 1 to Phases 2 and 3. Average Phase 4 study costs are equivalent to those of Phase 3 costs but are much more variable across different therapeutic areas than Phase 3 costs.
- Overall, the factors that contribute the most to costs across all trial phases include Clinical Procedure Costs (15 to 22 percent), Administrative Staff Costs (11 to 29 percent), Site Monitoring Costs (nine to 14 percent), Site Retention Costs (nine to 16 percent), and Central Laboratory Costs (four to 12 percent).
Price And Volume August 8, 2020 To Sept 11, 2020 Date | Open | High | Low | Close | VWAP | Volume | % Chg | $ Chg | Trade Val | # Trades |
2020-09-11 | 0.27 | 0.27 | 0.26 | 0.265 | 0.2639 | 565.14k | 1.92% | 0.01 | 149,165.80 | 132 |
2020-09-10 | 0.26 | 0.27 | 0.25 | 0.26 | 0.2599 | 983.15k | 0.00% | 0.00 | 255,498.27 | 200 |
2020-09-09 | 0.265 | 0.265 | 0.255 | 0.26 | 0.2579 | 519.62k | 0.00% | 0.00 | 134,019.83 | 158 |
2020-09-08 | 0.265 | 0.265 | 0.25 | 0.26 | 0.2592 | 1.76m | -5.46% | -0.02 | 455,583.08 | 364 |
2020-09-04 | 0.265 | 0.275 | 0.26 | 0.275 | 0.2685 | 1.01m | 3.77% | 0.01 | 271,033.88 | 212 |
2020-09-03 | 0.275 | 0.28 | 0.265 | 0.265 | 0.2694 | 2.01m | -3.64% | -0.01 | 541,450.87 | 306 |
2020-09-02 | 0.29 | 0.29 | 0.27 | 0.275 | 0.2774 | 1.60m | -1.79% | -0.01 | 442,627.67 | 356 |
2020-09-01 | 0.305 | 0.31 | 0.275 | 0.28 | 0.2871 | 2.08m | -6.67% | -0.02 | 597,683.75 | 420 |
2020-08-31 | 0.29 | 0.32 | 0.285 | 0.30 | 0.2973 | 3.39m | 7.14% | 0.02 | 1,007,246.71 | 689 |
2020-08-28 | 0.265 | 0.28 | 0.26 | 0.28 | 0.2682 | 1.31m | 7.69% | 0.02 | 350,375.96 | 283 |
2020-08-27 | 0.27 | 0.27 | 0.255 | 0.26 | 0.2616 | 1.40m | -1.89% | -0.01 | 365,919.86 | 352 |
2020-08-26 | 0.30 | 0.30 | 0.26 | 0.265 | 0.2746 | 3.19m | 0.00% | 0.00 | 876,352.99 | 566 |
2020-08-25 | 0.275 | 0.275 | 0.25 | 0.265 | 0.2614 | 1.85m | 0.00% | 0.00 | 483,791.26 | 427 |
2020-08-24 | 0.28 | 0.29 | 0.26 | 0.265 | 0.2689 | 2.61m | -5.36% | -0.02 | 701,414.47 | 499 |
2020-08-21 | 0.285 | 0.29 | 0.275 | 0.28 | 0.2824 | 1.99m | 0.00% | 0.00 | 562,301.44 | 362 |
2020-08-20 | 0.31 | 0.31 | 0.28 | 0.28 | 0.2889 | 2.41m | -9.68% | -0.03 | 696,500.03 | 545 |
2020-08-19 | 0.27 | 0.345 | 0.27 | 0.31 | 0.3129 | 8.32m | 10.71% | 0.03 | 2,603,376.36 | 1,309 |
2020-08-18 | 0.305 | 0.305 | 0.27 | 0.28 | 0.2841 | 2.98m | -5.09% | -0.02 | 845,367.39 | 526 |
2020-08-17 | 0.30 | 0.32 | 0.29 | 0.295 | 0.3011 | 2.95m | -1.67% | -0.01 | 887,305.34 | 602 |
2020-08-14 | 0.295 | 0.345 | 0.29 | 0.30 | 0.3136 | 6.92m | 7.14% | 0.02 | 2,171,450.77 | 1,263 |