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GrthzGd

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GrthzGd

Re: DewDiligence post# 186066

Wednesday, 01/14/2015 3:51:54 PM

Wednesday, January 14, 2015 3:51:54 PM

Post# of 252308

I was astonished at how much cash they will be burning this year.

Probably not unreasonable given the following plans just for their drug OCA:

* NDA/MAA filing for PBC in 1H 2015
* Initiate P3, etc. for NASH in 1H 2015
* Start P2 for Biliary Atresia in 2H 2015, and
* Start P1 for Fibrosis by YE 2015

-JPM Slide No. 25.

On the bright side of the $3.3B valuation, raising another $200M or so won't cause much dilution of existing SHs.

So, now that ICPT is back on my radar, I'm mulling buying back in.... :-|

"The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design." -F.A. von Hayek

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