As you can see my conclusions were correct that their cash burn has increased to over 20 million per quarter, standing currently at least 23 million per quarter. This figure will probably continue to show increases going forwards.
Thus the 144 million they raised earlier will last them 1 year and about an extra quarter before they will need to raise again. And at what will probably average at a 25 million per quarter burn, expect heavy heavy raises afoot for a long while. Remember their most advanced candidate is in Phase I trials, many many years away from potential commercialisation.
The newly published 10q states they have a total of 183 million as of March 31st 2019, so giving them about another 40 million of emergency cash, but to which they will probably raise before going into those funds.
I hope you are now reading into company cash burns more deeply and will avoid calling others negligent.
good luck!
Recent FATE News
- Fate Therapeutics to Present at 2024 Cantor Global Healthcare Conference • GlobeNewswire Inc. • 09/12/2024 08:01:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/30/2024 08:21:54 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2024 08:26:21 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/13/2024 08:08:07 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/13/2024 08:06:21 PM
- Fate Therapeutics Reports Second Quarter 2024 Financial Results and Business Updates • GlobeNewswire Inc. • 08/13/2024 08:05:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/07/2024 08:01:01 PM
- Fate Therapeutics Reports New Employee Inducement Awards Under Nasdaq Listing Rule 5635(c)(4) • GlobeNewswire Inc. • 08/02/2024 08:01:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/31/2024 10:05:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/31/2024 10:01:44 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 07/31/2024 10:00:56 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 07/31/2024 09:59:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 08:03:29 PM
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- Fate Therapeutics Reports New Employee Inducement Awards Under Nasdaq Listing Rule 5635(c)(4) • GlobeNewswire Inc. • 07/02/2024 08:01:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/11/2024 10:20:25 PM
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- Fate Therapeutics Reports New Employee Inducement Awards Under Nasdaq Listing Rule 5635(c)(4) • GlobeNewswire Inc. • 06/04/2024 08:01:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/31/2024 09:24:29 PM
- Fate Therapeutics to Present at 2024 Jefferies Global Healthcare Conference • GlobeNewswire Inc. • 05/29/2024 08:01:00 PM
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