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DewDiligence

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DewDiligence

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Re: DewDiligence post# 193942

Thursday, 03/03/2016 9:46:54 AM

Thursday, March 03, 2016 9:46:54 AM

Post# of 257484
Re: OCRX liquidity

http://finance.yahoo.com/news/ocera-therapeutics-reports-fourth-quarter-140500194.html

As of December 31, 2015, Ocera had cash, cash equivalents and investments of $43.3 million…

Ocera expects net use of cash for 2016 to be between $26 million to $30 million and expects that it will have sufficient cash to fund operations into the second half of 2017 based on its current operating plan.

If Ocera receives the second $10.0 million tranche of its debt facility [see #msg-115827192], which is subject to the achievement of certain financial and clinical milestones, the Company expects that it will have cash to fund its operations into late 2017.

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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