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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

Comment by stockbuphoonon Jun 14, 2021 9:19am
82 Views
Post# 33380831

RE:read the article

RE:read the article$21M in cash on Mar 31/21. $17M paid by Kedrion for plasma centres. Still own plasma business and paying for it until Kedrion completes option to buy. Burn of $20.8M in Q1. So, they have under 2 months cash left. Can they sell PRV within 2 months? Or will Thomvest give them more financing with voucher as collateral? Wouldnt that be good? Thomvest/SALP in a high loan position. Equity institutions love that position. Some clown on this board will comment that they have that money. They currently do not. There is nothing to go into Phase 2 and that will obviously take lots of time to see what's next and they are looking to put Phase 1 for their other pipeline stuff  "sometime" in 2022 so that gets them very little runway in clinical terms.  

   
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