Hardman & Co Research: 1Q'20 portfolio update
Arix Bioscience (ARIX) is a listed global venture capital (VC) company that presents an opportunity for institutional and retail investors to participate in the high risk-return profile of early-stage biotech investing. ARIX minimises risk through a combination of an expert investment team and portfolio diversification. The company announced recently a restructuring of its board of directors and executive team, which has resulted in a significant and sustainable reduction in its operating overhead, and greatly extended its cash runway. Meanwhile, all of ARIX's listed investments have updated the market with their quarterly reports.
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