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DewDiligence

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Re: DewDiligence post# 6595

Thursday, 05/05/2022 11:29:19 AM

Thursday, May 05, 2022 11:29:19 AM

Post# of 6723
ABUS cash @3/31/22=$222M, up $31M from 12/31/21 due to the Qilu deal announced in December that closed during 1Q22 (#msg-167103305); 1Q22 operating cash burn was $23M:

https://investor.arbutusbio.com/news-releases/news-release-details/arbutus-reports-first-quarter-2022-financial-results-and

ABUS reiterated guidance for 2022 operating cash burn of $90-95M. Thanks to the cash inflow from the Qilu deal, ABUS tapped its ATM facility only minimally during 1Q22, raising $0.3M.

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

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