Diffusion currently intends to use the net proceeds from the offering to fund research and development of its lead product candidate, TSC, including clinical trial activities, and for general corporate purposes.
There was a video in youtube of an interview with a former CDC Dr that knew of MRNA and had concerns about this companys selection and apparent funding being received for the virus research. He had stated that the company has never developed anything and it was on the verge of BK when it received the funding of over a billon
Just tried to retrieve the link and guess what////