RE:RE:funny when someone rises concerns re eg funding whichThey haven't already "gotten" $84mm.
"BARDA awarded Salzman Group a USD $84.9M contract to develop R-107 as a treatment for CILI"
"$15M has been funded and spent – $70M in follow-on funding will be released on
completion of milestones"
"From the $70M of revenues, Kalytera will recognize
$4.2M of net operating profit".
"Because Phase 2 and 3 studies in humans will not be required, the timeline for FDA approval is expected to be relatively brief,
about 2.5 years."
How many years will COVID take?
"
Potential sales of CILI product to BARDA"
We don't know the terms of the contract. However, since BARDA is paying $84.9mm for development for CILI, how much, if anything, will Kalytera make on sales?
If they don't receive BARDA for COVID, company is done.