Ayala Pharmaceuticals Inc (ADXS)

[cdiddy01]

Not directly - but by rationalizing their internal spending based on whether or not a program will bear fruit in a timely manner (AXAL), they were able to cut the burn rate down to $50 million a year. With $50MM in the bank, funding will still be a looming issue near term, but at least Ken was able to extend the runway out a year for this filing/call. They need a deal/funding for HOT..