Nuvo Pharmaceuticals Inc MRVFF

Cash position is okay

[longondmx]

Based on my calculations, Nuvo has enough cash for at least the next 8 months - well after FDA decision is expected. It looks like their burn rate was about $1MM per month...but this should be much less now or should be coming down soon since they should not have the expenses associated to preparing/dealing with the FDA re-submission that they had for the last few quarters. Looking forward to better days ahead. I suspect FDA decision will come much sooner than December 28th. Probably a couple of weeks sooner, well before the Xmas season kicks in to full gear. With the support and comments from Nuvo FDA advisors saying that FDA approval is likely based on the latest positive Phase III results and that it meets all FDA conditions that were listed in their non-approval letter, I'd say this is a great gamble..one that is equivalent to betting on the temperature on Xmas day to be below 30 degrees celcius in Ontario. The possibility exists that is will be 30 degrees or higher, but it is very very unlikely.