RE: RNS does have a material impact17 Jun 2024 11:06
What matters is a collection of contracts so we got one and more will come this year. All this will increase cash reserves past early 2025 to maybe late 2025. Val 201 is still due to be completed this year so I would think that we are at the bottom now so we should rise significantly in the next 6 months.
The number of prospective clients in the sales pipeline for Inaphaea's services and products is continuing to grow, with 11 at an advanced stage of discussion. This includes both screening and licencing of patient derived cells ("PDC"). Interest has been expressed from a range of end users, including biotech companies, large pharma and large CROs. The latter sector is of particular importance as we believe their requirements are substantive and likely to lead to longer term product supply relationships. Although the needs of the individual clients are varied, their decision-making timelines have been impacted by a number of factors, both internal and external, and generally characterised by longer lead times. We maintain regular dialogue with all key clients and, subject to their indicated decision processes and timelines, anticipate that several of the pipeline opportunities could be executed in H2 2024.