Liminal BioSciences Inc. LMNL

RE:RE:RE:Liminal Update

[aldo451]

Nailed this one...money in way ahead of some poster(s) predictions and guess what, no frciken bridge loan required!

Anxious to see which indications they will pursue with the money.

The company anticipates using the proceeds to be received by Liminal to advance the continued development of our small molecule pipeline, and we plan to update the market regarding our small molecules R&D strategy in the coming months following the review of the complete data from the ongoing fezagepras phase 1 multi-ascending dose clinical trial.

Also, cash burn should be considerably lower with the divesture of the Ryplazim program.

aldo451 wrote: Forgot to add that if R&D spending would resume when voucher money received, this likely means that the money is in!

aldo451 wrote: New job posting: Animal Health Technician

Guess someone suggested they move ahead with their pre-clinical programs. Shop ain't closing just yet!

balain wrote:

This happened on Wednesday morning...

1- There was an employee meeting called by management where employees were told that there would be no R&D spending until the voucher money was received.

 

2- The company said that it had no specific R&D projects at this time.

 

3- They also solicited the scientific team (at least what is left of it) to make suggestions if they had any...

 

This ship is currently dead in the water...

balain