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Liminal BioSciences Inc. PFSCF


Primary Symbol: LMNL

Liminal BioSciences is a biopharmaceutical company focused on the discovery and development of novel, small molecule drug candidates for the treatment of patients suffering from fibrotic or inflammatory diseases that have a high unmet medical need. Liminal BioSciences operates on an integrated basis from our talent hubs in Laval, Quebec, Canada, and Cambridge, UK. Our common shares are listed for trading on the Nasdaq Global Market.


NDAQ:LMNL - Post by User

Bullboard Posts
Post by wyndeweston Jul 11, 2017 11:31am
389 Views
Post# 26455513

Prometic Cash Burn Rate

Prometic Cash Burn RateI'm beginning to believe that Prometic's positive announcements on progress of pipeline drugs (and most of the announcements are VERY positive) is really just a red flag to say "hey we are going to need additional funds to bring this one to market". $ either from the FDA  in the form of a Priority Review Voucher or Partnership (and I don't see that happening until we hear from the FDA regarding our BLA Plasminogen submission) is the ONLY thing that will move us forward. The latest financing was at $1.70 a share and we are now below that price as I predicted.  These financings put weight on the stock and quite frankly I do wonder if Prometic will be able to get another financing as their reputation must be getting tarnished.  That we have to hang our hat on the the USA FDA's organization to give us an OK is somewhat sad.  I understand we have to do it because of the mass exposure but I wish we could have gone the Canadian route and have the USA knocking on our door for our product. Anyway, my hope is to hear from the FDA soon, at least before we get a hostle takeover bid.
Bullboard Posts