Re: RESVERLOGIX ANNOUNCES PUBLICATION OF KEY APABETALONE STUDY BETONMACE IN THE JOURNAL OF THE AMERICAN MEDICAL ASSOCIATION
posted on
Apr 01, 2020 10:41AM
"Any BP or VC would want at least 50% partnership rights to future profits."
This is why I am having a hard time understanding how a new partnership would work when between them Eastern and HL, own ~ 55% of the outstanding shares. And to fully fund RVX going forward, funds needed at the minimum would need to be $100Mil to pay off the outstanding debt and accounts payable, and that is assuming that $75 Mil would be enough to conduct further clinical trials and operational expenses for the next 2-3 years.
Koo