Funding , a DIRTY word ?19 Jun 2020 14:54
Some people seem to think so but anyone with any common sense knows that there are only two things that matter in biotech
1) PIPELINE
2) FUNDING
If one moves number , one must also move number two ...
Funding comes in many forms and colors, and SNG have always got to be planning for every scenario , trial success or failure .
We as investors do the same , so as to calculate our risk/reward , and to estimate our potential losses if things don't work out the way we had planned ..
A CEO in biotech companies is the same , the survival of the company is in his hands .
In case of success , he has to judge how best to proceed , go it alone, partnership, even sell out .
Funding is not a dirty word , it's a matter of survival and options ....
14 million raised in march, will not be enough to fund , P3 in COPD and P3 in covid 19 and will not be enough in case that things go wrong so RIchard would be very foolhardy if he was not watching the funding , IMO