Replies to post #477 on Rezolute Inc. (RZLT)

[Whalatane]

Reported layoff's in the drug approval dept at DHS ...may delay drug approvals ...cause Co's to burn more cash
JFK jr at work
Kiwi

[Whalatane]

WASHINGTON, April 1 (Reuters) - The Trump administration began mass layoffs of 10,000 staffers at U.S. health agencies on Tuesday, according to multiple sources familiar with the situation, with security guards barring entry to some employees just hours after they received dismissal notices.
The cuts, which affect several high-profile agencies under the Department of Health and Human Services, including the FDA, CDC and the National Institutes of Health, are part of a broad plan by President Donald Trump and billionaire ally Elon Musk to shrink the federal government and slash spending.
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Any delay in approval = more cash spend

Kiwi

[Denisk]

Hello.
Just dipped into RZLT this morning. Bought 600 shares at between $2.72 to $2,87) average $2.78. Will wait for year end results prior to investing more if warranted & company has positive results in their Phase 4 trial. I like that fact that they basically have no debt. Worry about their cash burn though.