Foamix Pharmaceuticals Ltd (FOMX)

[tdeck]

$FOMX Cash and cash equivalence as of the end of the second quarter of this year were $70 million.

Announced on July 30 that we have secured up to an additional $64 million in capital from two of their investors, Perceptive Advisors and OrbiMed.

The financing consistent term loans of up to $50 million under a credit agreement in which they received $15 million immediately at the closing of the transaction and they may receive an additional $20 million upon the achievement of certain of regulatory milestones and a further $15 million upon the achievement of the certain revenue milestones.

Additionally, they secured $14 million in gross proceeds Perceptive Advisors through a direct register offering of ordinary shares.

Sales force in, trademarks registered patents done, ready to start up the manufacturing machinery.

TICK TOCK

Peace out.