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Tuesday, September 12, 2017 8:25:21 AM
Here are the numbers since our friends at Aspire jumped on board in 2013. These are ballpark from the K.
2013 - 2015 Aspire Agreement
$20 Million in cash for 8.9 million shares of stock
210,500 share commitment fee
2015-2017 Aspire Agreement
$16 Million in cash for 14.7 million shares of stock
160,000 share commitment fee
July 17 - Sept 17 Aspire
$2.1 Million in cash for 2.5 million shares of stock
NEW AGREEMENT SIGNED Sept 2017 - 2020
300,000 share commitment fee
In March 2017 we also had a PIPE
$2.2 mil in cash for 2.5 million shares of stock
TOTALS since 2013
ASPIRE PROVIDED: $38.1 Million in CASH
In exchange: 26.2 Million shares plus 670,500 shares for fees = 26.9 million shares.
Thank you Aspire from taking us from $500K in cash in late 2012 and ZERO human clinical trials to now $4.1 million in cash and 8 HUMAN CLINICAL TRIALS:
Prurisol - Cross over study
Prurisol phase 2 - SUCCESS
Prurisol phase 2b - enrollment complete - data in Dec/Jan
Kevetrin phase 1 - SUCCESS
Kevetrin phase 2a OC - IN-PROGRESS - Interim data Q4
B-ABSSSI phase 2b - SUCCESS - SPA in progress (Compared to Dapto)
B-OM phase 2 - enrollment complete - topline data in NOV/DEC
B-UC/UP phase 2PoC - SUCCESS
All of the above are BILLION DOLLAR possibilities. Stay tuned and thanks again to Aspire for making this possible.
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