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biotech_researcher

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biotech_researcher

Re: Pittkid post# 3848

Sunday, 05/21/2017 8:39:30 PM

Sunday, May 21, 2017 8:39:30 PM

Post# of 17395
Just like Ariad, AUPH will burn through $200 million in a flash. Remember, they are just starting a huge multi country phase 3 trial. Go research Ariad's cash burn rate. Just huge. They will need to dilute before they reach $50 million left in the bank. Which I expect they will reach in 18 months, and it will take into 2020 for approval just as the CEO of AUPH stated on Bloomberg Canada a few days ago. He sounded like he doesn't want to sell out at all, so they must dilute in early 2019 I expect.
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