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Wednesday, April 09, 2014 9:05:54 PM
Ehrlich's current company, which he rescued from near bankruptcy, has a flag drug against cancer in Phase 1. Cancer drugs, as you know, are regarded as highly costly to bring to market, even though the potential market is in the billions of dollars. It has $5 million in the bank with debt financing available up to $20 million. Two other drugs are starting or just started Phase 2b and Phase 1 bridge studies, with a 4th drug entering trials. The full dilution is ~150 million shares which puts the current cap at ~$240 million in spite of the likelihood of more debt financing.
So, NNVC has ~28 million in the bank (enough for Phase1 through start of Phase 3 for 2 versions of nanoviricides) with 50 million shares fully diluted. You do the math, but I get a lot higher than $3, by about $10.
Recent NNVC News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/09/2024 08:30:39 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/09/2024 08:05:25 PM
- NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • InvestorsHub NewsWire • 05/02/2024 02:07:42 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/16/2024 09:53:32 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 02/14/2024 09:55:35 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/19/2024 09:44:48 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 12/04/2023 09:08:49 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 10/13/2023 08:30:41 PM
- Form NT 10-K - Notification of inability to timely file Form 10-K 405, 10-K, 10-KSB 405, 10-KSB, 10-KT, or 10-KT405 • Edgar (US Regulatory) • 09/28/2023 08:44:54 PM
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