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Bioasis Technologies Inc. V.BTI

Alternate Symbol(s):  BIOAF

Bioasis Technologies Inc. is a multi-asset rare and orphan disease biopharmaceutical company developing clinical stage programs based on epidermal growth factors and the xB3™ platform, a proprietary technology for the delivery of therapeutics across the blood brain barrier and the treatment of CNS disorders in areas of high unmet medical need. The in-house development programs are designed to develop symptomatic and disease-modifying treatments for brain-related diseases and disorders.


TSXV:BTI - Post by User

Post by prophetoffactzon Jul 30, 2022 11:15am
314 Views
Post# 34862181

August

August"Based on its current cash burn rate, the Company anticipates that its existing cash balance is sufficient to fund operation through approximately August 2022. The Company will need to raise additional working capital through the sale of common shares, the issuance of debt or by entering into license or collaboration agreements to fund its operations and preclinical studies. The Company is actively pursuing financing sources in order to continue funding operations. As disclosed in the financial statements, these factors indicate the existence of a material uncertainty that may raise significant doubt about the Company’s ability to continue as a going concern."
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