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OncoSec Medical Incorporated Message Board

  • jim.beemer@rocketmail.com jim.beemer Sep 16, 2013 9:42 AM Flag

    ONCS Will Have Cash For 2 Years and Eliminates Future Risk of Financing.

    ONCS is one of the most responsible biotechs that I cover. They burn less than $600k per month, or less than $7 million a year! Most biotechs with two clinical programs spend $7m in a quarter, or more.

    SRPT spent $19 million last quarter, and their ph.2 program is complete, and only enrolled 12 patients. ONCS is very responsible with their money, and if they raise $12m, I'd say it eliminates the fear of financing for two years, then ONCS can rally on its future news (data).

    While it hurts today, this is great news long-term. All biotechs dilute shares. It's part of the industry.

    Sentiment: Strong Buy

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ONCS
0.72+0.07(+10.43%)Apr 17 3:59 PMEDT

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