Wednesday, June 08, 2016 10:34:42 AM
Often with a R/S there is an associated equity financing, which recapitalizes the company and refills the cash coffers. So the elements are coming into place to complete the turnaround of the company - clinical results, reverse split, and recapitalization. The higher share price is also a prerequisite for a future uplisting onto one of the Nasdaq exchanges.
So kudos to management. The overall timing has worked out well, since the CX-1739 RD results will be out this Summer, producing a good vibe for the R/S and recapitalization, and the Dronabinol results will also be forthcoming, probably in the Fall, which will maintain an atmosphere of positive anticipation in the post-R/S period.
Then with the recapitalization, the company can announce future plans for CX-1739 in RD and also a new Ampakine trial in Central Sleep Apnea. They apparently are also planning to bring back CX-717, which will save a lot of development time and allow more clinical indications and trials.
Recent RSPI News
- Form 8-K - Current report • Edgar (US Regulatory) • 02/02/2024 01:30:27 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/22/2024 01:45:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/11/2023 01:45:18 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/17/2023 09:06:03 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 09:05:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/12/2023 01:00:21 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/02/2023 12:45:26 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/21/2023 08:05:55 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 08:15:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/09/2023 12:52:24 PM
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