At this rate of cash burn they'd run out of cash in over 2 years time.
A 6 drug test would put them at least on par with competitors.
Plus they put a bit more detail into the acquisition info:
"The Company has previously stated its intention to investigate licensing or investment opportunities in
therapeutic applications. During the June quarter Sun Biomedical has furthered discussion with
various groups and shortlisted a number of areas, which are considered suitable for evaluation by the
board of the Company."
I guess something could happen any day. Hopefully it'll be something unusual, innovative, groundbreaking, etc
SBN Price at posting:
0.8¢ Sentiment: Buy Disclosure: Held
