Matthew Vinita's questions to INmune Bio Inc (INMB) leadership • Q3 2024
Question
Matthew Vinita, on for Jim Molloy, requested more details on the R&D rebate from Australia, including how the funds can be used and its potential impact on reducing future cash burn.
Answer
CFO David Moss clarified that the rebate is an unrestricted cash-back incentive for conducting R&D in Australia, with funds being reinvested into clinical programs. The recent rebate was tied to the ADO2 trial. He conservatively estimated a future rebate of around $4 million for the next year, which will help reduce the company's burn rate.