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SUBSEQUENT EVENTS | 6 Months Ended
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Jun. 30, 2022
SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS | NOTE 6 – SUBSEQUENT EVENTS On August 1, 2022, the Company granted 10-year options to purchase 160,000 shares of Common Stock to a new employee of the Company under the Plan. The options have an exercise price equal to $1.06 per share and vest over a four-year period in 16 equal quarterly increments. The Company estimated the fair value of the options on the date of grant using the Black-Scholes option-pricing model to be approximately $124,000 based on the following weighted average assumptions: share price equal to $1.06; dividend yield of 0% for all years; expected volatility of 85.95%; risk-free interest rate of 2.65%; and expected life of six years. During July and August 2022, the Company sold, in the aggregate, 1,040,457 shares of Common Stock under the Sales Agreement. The Company generated aggregate gross proceeds equal to approximately $1,152,650 in connection with such sales. On July 17, 2022, the Company collected approximately $1.1 million from sales to Pfizer. On July 18, 2022, the Company collected approximately $1.1 million from expense reimbursements in connection with its collaboration with Chiesi. ​

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -URI http://asc.fasb.org/topic&trid=2122774 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 855 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6842918&loc=SL6314017-165662 + Details
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