Rob Brook's questions to CYTR leadership • Q2 2018
Question
Rob Brook from Tribeca Partners inquired about CytRx's current cash burn rate and the resulting cash runway, following the company's mention of a significant reduction in cash burn.
Answer
John Caloz, Chief Financial Officer, stated that the average monthly cash burn is approximately $850,000, excluding the recent Hercules loan payoff on August 1. He confirmed this provides a cash runway for the next 13 months.