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Saturday, May 21, 2016 12:31:09 PM
Let's see. So they have enough cash to get through CE Mark in Europe. So they will joint venture with someone like JNJ who has 60% of the market now. JNJ does the distribution in Europe and Arch gets enough capital to do US testing.
Per Form 10-Q it will take $ 10- $ 14 million to get full Europe and US approvals. Small in biotech world. Outstanding warrants have raised many millions recently through exercise. More to come.
They have raised $ 12,990,669 since going public.
A lot of your questions are answered here:
http://www.archtherapeutics.blogspot.com/
A CLEAR LIQUID noncoagulant homostatic agent classified as a MEDICAL DEVICE.
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