Limited cash pile focuses the mind for Lipocine
US biopharma Lipocine (Nasdaq: LPCN) has come up with a plan as the end of its cash pile starts to appear on the horizon.
The Salt Lake City-based company, which is seeking to leverage its proprietary Lip'ral platform to develop differentiated products through the oral delivery of previously difficult to deliver molecules, has announced its plans to focus on treating CNS disorders.
"We believe that this strategy will allow us to diversify risk and can create opportunities for non-dilutive financing"Lipocine had $37.4 million in cash and other assets as of June 30 this year. The firm believes that this will be sufficient to support operations and capital expenditure until at least September 30, 2023.
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