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Message: Re: Short interest creeps up again.....
3
Apr 20, 2017 12:20PM

Koo,

Good point about the $68 million CitiLoan. So they need $55 million at their current burn rate to complete BonM and $68 million to pay off the CitiLoan. So looking at needing at least $123 million to cover the loan and fund operations through Fall 2018 at current burn rate of $3.1 million/month. The Phase 2 renal trial and potential orphan trial(s) with RVX-208 or new molecules may increase the burn rate. 

BDAZ

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