They will run out of money by mid-November this year if nothing is done by then. The cash runway could be shorter if the burn rate accelerates due to HOT and NEO. I'm puzzled why they could not partner HOT? Why the hell NEO is still un-partnered? Too many questions with too few answers from the management.
It's might get pretty dicey later this year as funds dwindle.
It is all about timing - what better holiday gift for shareholders can ADXS give other than that old rusty dagger to the front, back and center to go along with a detailed business plan for 2020.
Remember that as per the original plan for 2019, by EOY, 5 HOT trials are supposed to be on and running full speed.
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