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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
Comment by eric40on Apr 02, 2018 10:42am
209 Views
Post# 27814263

RE:Near term

RE:Near termUnfortunately the DFU and tympanic ear trial read out are scedule in Q4 2018 if forecast are respected. I don't see this as a catalist in short term. 

The main concern now is what will be the source of cash and how much will it cost to fully fund the operations until cash flow positive since Prometic is in a weak cash position (even if there is the line of credit since it is credit) and also in a weak position to negociate a deal.

Most of the time, when there is a financing in a weak position, the SP will go down, driven by the underwritter that sets condition where the price is set base on the closing SP at a choosen day. And they obviously do what it take to drive it down.


Bullboard Posts