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The active ingredient has been used in over 30,000 different clinical trials. BZ: Do you have an estimated timeline for the FDA process? Hallam: From the company perspective, we expect to finish enrollment of our clinical trials in 2017, and then we would go and start enrollment of the Phase 3, likely in 2018. Those would wrap up in 2019 and ideally, we would have a drug on the market in 2020 Financials BZ: Do you have any plans to raise capital and/or go public? Finley: Right now were in the market for a very small bridge round to get to a $15 to $25 million private round. Following that well evaluate our options for funding the Phase 3 trial; one of the options we are examining is taking the company public at that point. BZ: Who are the competitors in the space? Hallam: The biggest competitor is Entereg, produced by Merck, and the process to use it is quite complex and requires specialized training. The FDA has set up a high bar use, which has led to a very low adoption. Instead, what our drug is and how it competes with that in particular is, we why not try these out have a safety profile that is well known; we have a single treatment that we think will be at a relatively good price point; and that it basically flows into the bowel prep process for the patient.
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