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Kane Biotech Inc V.KNE

Alternate Symbol(s):  KNBIF

Kane Biotech Inc. is a Canada-based biotechnology company engaged in the research, development and commercialization of technologies and products that prevent and remove microbial biofilms. The Company has a portfolio of biotechnologies, intellectual property (66 patents and patents pending, trade secrets and trademarks) and products developed by its own biofilm research expertise and acquired from research institutions. DispersinB, coactiv+, coactiv+, DermaKB, DermaKB Biofilm, and revive are trademarks of the Company. Its patented coactiv+ technology is specifically formulated to destabilize biofilm and create an environment for fast wound healing. In Wound Care & Surgical applications, in addition to revyve Antimicrobial Wound Gel, it is developing follow-on products with three applications: coactiv+ Antimicrobial Surgical Hydrogel, coactiv+ Antimicrobial Wound Gel Spray, and coactiv+ Antimicrobial Wound Rinse. The Company's other biofilm disruption technology is DispersinB.


TSXV:KNE - Post by User

Post by francoisl13on Aug 30, 2024 12:17pm
376 Views
Post# 36202966

Cash available vs expenses

Cash available vs expensesLooking at the Q2 financials they had approximately 1M in cash available at the end of the QTR. They spent over 900K during Q2 so, if the spending keeps going at the same pace they'll be out of money by end of Q3.
Despite the fact that the sales of the STEM Animal division allowed them to have a cleaner balance sheet it might not stay clean for very long if the sales of Revyve doesn't ramp up quickly.
They will also have to spend some money on the UofMiami acne trial which is coming soon, that will put some more pressure on the cash they have.
P.S. I believe that all expenses related to the DispersinB phase1 trial is going to be taken care of by the US Dept. of Defense.
The above are 'food for thoughts'...

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