Jun. 12 at 2:56 PM
$INAB This is likely going to get a
$30-40 million injection at 2 dollars or less, with a warrant attached to it and exercisable at 2.20 for 5 years. It will be absolutely crushing, but that's the only way forward given this program has zero-to-negative net present value until phase 3 for any of their programs.
If I were them I would partner out the leukemia program and take the glioblastoma program to Phase 3 (currently in phase 2 but suspended).
It would take 3-4 years to complete the GBM Phase 3 program in an RCT setting. So 3-4 years until you actually see something.
This is practically dead money. Sorry longs.
