According to this page:
"Anticipating 85% Reduction in Government Grants
Grants from the National Institutes of Health, the Office of Navel Research, and Oklahoma Center for the Advancement of Science and Technology made seven years of pre-clinical studies possible, and until now, HEI has had little need for traditional fundraising or donor-based programs to support the research.
We are experiencing a major paradigm shift in our revenue and expense model and are planning on an 85% reduction in grants available for research from the federal government.
As a result, we are now seeking grants from private foundations, companies, and private donors to support critical research."
But I still agree that 900k shouldn't be too difficult to obtain if their research results honestly hold "the potential to restore hearing function or reverse tinnitus disorders".
Yes it's a little strange to claim to have a cure try to raise money online whilr having licensed the technology to a pharma company. Why isn't the pharma company or Accele Bio invest if they are so certain about?
Probably someone else could write them to ask the status of development maybe they answer if it's proper English.
Hopefully I'm wrong and they handle things differently. I don't want to degrade their work or enthusiasm, but it's just my picture with the info I have.
"Otologic Pharma is pursuing additional preclinical testing of this approach in preparation for the initiation of clinical trials in humans in late 2017."
Hmmm, I can't even find this technology in the pipeline of the Otologic Pharma page.
And how is it possible, that a non profit organisation like HEI can license the technology to a company which is led by the same person?