Feb. 18 at 3:34 AM
$BCAB Also, considering that no clinical studies have been resigned or suspended so far, the company's funds seem to be running very tight. Including the
$5M investment inflow from AIRC in January. The
$35M funding in the first quarter is also expected to flow in once the subsidiary reverse merger process is completed. And this will serve as a premium to buy Lloyds Syndicate 1966 clinical fund insurance, rather than the total investment. Considering that conventionally the premium rate for clinical fund insurance is around 20-30%, I think the clinical fund available through Lloyds will be over
$100 million.