Thallion can raise cash with Caprion
https://www.marketwire.com/press-release/Thallion-Pharmaceuticals-Inc-TSX-TLN-746848.html
TLN still holds 19.9% Caprion and business is booming there.
Covenant recently invested in Caprion.
If Caprion gets lucky TLN could touch 100% of royalties and 50% of milestone payment.
If TLN wants it can sell the remaning 19.9% assets and finance trial development.
Because of 19.9% participation, Caprion does not appears in consolidated financial statements of TLN because consolidation is not a requirement.
Covance would be a buyer of Caprion shares.
Now, considering Caprion's value... 0,20$ is massively cheap.
Cheers.