Worth noting19 Apr 2018 18:46
Though I think SCIB1 combo in 25 patients ought to be fully covered by this raising:
Therapeutic drug development is a long process and the Directors believe that the Company will require additional funding in order to complete the aforementioned SCIB1 clinical study and Modi-1 study. The timing of the aforementioned studies are also subject to, inter alia, timely regulatory approval.
Additional funding could be provided either by a commercial agreement with a development partner, such as a large pharmaceutical company, or by further equity issuance to existing and/or new Shareholders. The Directors believe that delivering the milestones outlined above will enhance the value of the Company and prepare it for further later stage fundraising. The Directors also believe that these milestones will ensure wider recognition of the Company both in the US and Europe for the quality and value of both the ImmunoBody� and Moditope� platforms.