Interesting PP targetSo they have 1.4 million in the bank and aim to raise another 2 to 3 million dollars.
By my farm math, that would put them at 3.4 to 4.4 million Canadian dollars.
Now match that amount with the 50% Strategic Innovation Fund and you have 6.8 to 8.8 million Canadian dollars.
What could you do with that amount of money?
Interesting article here that breaks down the cost of clinical trials in each phase.
I will let you do the math and come to your own conclusion. (Average phase 1 trial cost around 4 million US)
https://www.sofpromed.com/how-much-does-a-clinical-trial-cost/