TSXV:BTI.H - Post by User
Comment by
OysterBuctoucheon Nov 05, 2020 7:39pm
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Post# 31849019
RE:RE:RE:RE:Money money money
RE:RE:RE:RE:Money money moneyBioasis has a world class science. Often there is commentary and comparison to Denali Therapeuttics. To put the money money money issue in perspective Denal R & D expense in the last quarter was 53 million. Reported loss for the quarter was 58 million.
We are still around because of the science and with continued progress we can limp through this to major success, But make no mistake we are advancing like a snail because we have little to no money. But that is okay. We are getting there.....This is not a criticism but rather statement of fact. I temper my expectations in relation to the cash on hand. Dont forget pre Chiesi we went many many months with no cash (hello Xoma). I dont know the details but feels pretty impressive DR could navigate a Chiesi deal when she was out of bullets and running out of time.
Onward and upward for this little beast !