RE:RE:RE:RE:Tidbits from today's presentation
skys1 wrote: He said their burn rate is now down to only $250,000 P/mo. It used to be more than double that. I had read that they had substantially reduced payroll etc because hospitals had pretty much shut treatments down due to the virus. At any rate, they can last a long time with that burn rate, as last time I checked I think they still had $9 million left from the $17 million raise.
As stated coming out of the COVID shutdown, all the money remaining was earmarked for the remainder of the NMIBC Phase II trials ... if they open sites in the US, then they pay each site up front for their participation costs ... after, of course, paying the FDA its fees and the costs for for FDA personnel to oversee and follow the trials ... oh, and RDW and his wife will continue to draw down their outsized salaries which will account for about 15% or so of the remaining total.