Mar. 27 at 8:18 PM
$CNTX @SpencerF IMO, they should have raised money about 2 weeks ago, and I think that if they try now, 1. the money for biotechs has dried up, 2. the trend in biotechs started downward about 5 weeks ago and 3. any potential private placment will really stick it to current investors:
Unless, the phase 1 data of CTIM-76 knocks it out of the park and management is already getting a sniff of the data and that is why no offering yet.
Overall, market trickling down could turn into a waterfall soon, esp biotech as this war (likely) drags on. Good luck.
