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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

Comment by sah1on May 20, 2020 3:42pm
91 Views
Post# 31052892

RE:RE:Equity raise or LoC

RE:RE:Equity raise or LoCThe only problem Ulacin is that the current LoC only takes Lmnl till the end of September based on current cash burn. So the LoC would have to be increased significantly to get to FDA approval. Provided the BLA is filed soon, there is a chance that Lmnl could close a marketing deal shortly thereafter which could provide upfront money as well as an order to support commercial launch. Such a deal could create enough investor confidence to support an equity issue on Nasdaq. Who knows but what is shameful is that the company has taken so long to address CMC issues and refile the BLA and now the company finds itself in its traditional situation of running on fumes and on the cusp of total ruin. But hey the sp is up today so perhaps we are missing something.
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