Marker Therapeutics Inc (MRKR)

[microcapbiotech]

QUESTION: IF IF IF - "On June 26, 2023, Marker completed the previously announced non-dilutive transaction with Cell Ready, under which Cell Ready purchased certain cell manufacturing assets from Marker for approximately $19 million in cash." PLUS - "Marker received an additional $1 million in May 2023 per the Wilson Wolf Agreement" = 20 million ... THEN HOW - "Cash Position: At June 30, 2023, Marker had cash and cash equivalents of $18.1 million."
Were they down close to ZERO before the Cell Ready deal? In Dec 2022, they had 11.8 million cash and in March 2023 they had 6.4 million cash. Did they burn through the 6.4 million in one quarter? I guess so?
IN ORDER for the present 18.1 million to last through the end of 2025 as they say, they would need a cash burn rate of just 3.6 million per quarter going forward. We shall see.