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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 sah1on Apr 09, 2019 7:46am
203 Views
Post# 29600445

RE:RE:RE:RE:RE:RE:RE:RE:my hope is they convert

RE:RE:RE:RE:RE:RE:RE:RE:my hope is they convertBiostock, what cashflow is coming short term. There are resin sales but they are spread over the year and will likely only approach $25M in 2019.The only other sources of cash are partnership deals and the sale of non core assets. The  Lazard transactions actions will not be sealed until Sept/October. Also the Pg deal will not be consummated until potential partners are convinced the the new, complex control measures meet FDA requirements. This is not a given. Partnership deals on 4050 are unlikely to be completed until after the placebo controlled AS and Ipf studies are completed and produce positive results (2021). Pli runs out of money this month, April. Indeed, the only sources of cash are the ATM and Thomvest loans and equity raises with new investors. Have I missed something? Please let me know:-)
Bullboard Posts