Biotech Values

[DewDiligence]

Re: RVNC liquidity

RVNC will probably have to [raise capital] late Q4 or early Q1.

The $30M up-front from Fosun equates to roughly four months of op-ex at the current burn rate, which probably allows RVNC to defer a capital raise until they submit the RT002 BLA in 1H19. At that point, a raise will presumably be at a higher share price.

Including the $30M from Fosun, RVNC’s pro forma cash balance at 9/30/18 is about $220M (#msg-144654901).