Biotech Values

[DewDiligence]

IDIX’s new cash balance is about $75M:

Look for idix to do a fund raise in the next few months imo.

After today’s deal, IDIX has about $75M in cash and no debt. Yes, IDIX might seek to raise even more, but there’s clearly no urgency.


Cash balance:
$46.3M as of 12/31/08 (#msg-34813718)
$34M of up-front payments from GSK deal
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$80.3M
($5.5M) estimated burn during 2009 to date
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$74.8M estimated balance as of today