Scenario 1: MHRA submission in April 2023. Financing available at much higher share price in Q2 2023 MHRA approval by the end of year. Pot of money becomes available at MHRA approval by end of 2023. NICE application goes in Jan 2024.
Scenario 2: Financing at depressed valuation throughout 2023. MHRA submission in Jan 2024 NICE application in Jan 2024 MHRA approval in Q3 2024 Pot of money becomes available at MHRA approval in Q3 2024