OCRX—The loan is at least as palatable as the $25M underwritten equity offering I was expecting (assuming that the interest rate is commensurate with the other terms of the deal).
OCRX still needs a partner in order to develop both the IV and oral formulations of OCR-002, but the new loan gives OCRX a little more flexibility in crafting a deal.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”
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