Sep. 8 at 10:24 AM
$DRTS Looking back at chart to see how ALT's are reached.
The ORMP partnering was the start of an upward momentum that is now ongoing for 16 months (and counting).
Additional partnering via the Tolmar deal set a new fictional floor at 11.99.
Yes it has caused some small dilution, and will be more when warrants are executed at 18, but compare it to the way majority of Biotech is funding (Wainwright/Anson construction)
Some analysis on this I found that with warrants/partnering, for 1% dilution, Alpha Tau receives 30-50X the cash as a 1% dilution would improve cash for a Wainwright/Anson construction.
Comparing it to my previous favorite, the finance funding of DRTS is amazing for a pre-revenue company
Thanks!