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Biotech / Medical : NNVC - NanoViricides, Inc.
NNVC 1.850-2.6%Nov 7 9:30 AM EST
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To: mattstat who wrote (12614)1/22/2020 9:26:27 AM
From: RoadyHD  Read Replies (1) of 12871
 
That $7.5MM is badly needed, though some goes straight to Dr Diwan. It gets the company to IND approval but not through Phase 1. That will require another couple million, probably a mortgage loan. And company still then needs to get authorized share count increased, at next shareholder meeting.
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