Jane Lindenman's questions to IMMUCELL CORP /DE/ (ICCC) leadership • Q1 2025
Question
Asked about the distinction between investigational use and full approval for Re-Tain, the company's plans for selling shares given its recent profitability, and whether it will provide future financial projections.
Answer
Investigational use is a non-revenue-generating step to gather market data while awaiting final FDA approval. The company will continue to opportunistically use its ATM share offering to fund long-term capital needs but has been less active recently. They are hesitant to provide detailed future projections, especially for the novel Re-Tain product, and will stick to early top-line revenue announcements.