RE: It’s all gone quiet.10 Oct 2024 09:54
Why a cash raise ?
In September - Highlights, Business Update & Outlook
Cash balance of £10.1 million as at 30 June 2024, demonstrating continued prudent financial management
I would welcome one as a chance to add more.
Outlook
As we build on the momentum from H1 24, our focus remains on strategically partnering our in-house programmes to unlock near-term value, while also targeting future revenue generation and profitability from commercial-stage rare and orphan drugs. We are excited by the results of in vivo data demonstrating POLB 001's efficacy in reducing cancer immunotherapy-induced CRS and the potential for this market opportunity to generate value for shareholders while addressing a critical unmet medical need.
The option agreement signed with Silk Road Therapeutics underscores our commitment to strategic cash management by providing us the opportunity to evaluate the potential of the asset whilst preserving capital. This approach aligns with our disciplined financial strategy, ensuring that we continue to manage our resources effectively as we explore opportunities that could enhance our pipeline and deliver value to our shareholders. The addition of former Amryt Pharma team members, with proven experience in scaling a rare disease company and establishing commercial infrastructure in the US and globally, further strengthens our Leadership Team and our ability to execute on this growth strategy.