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DewDiligence

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DewDiligence

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Re: turtlepower post# 94852

Tuesday, 04/27/2010 6:52:15 PM

Tuesday, April 27, 2010 6:52:15 PM

Post# of 253251
Great news on the $6.5M IDX899 milestone, which constitutes about half a quarter of operating cash burn (#msg-45351175). Perhaps a financing before inking a partnership for IDX184 won’t be needed after all, but I still expect a financing by mid-summer if an IDX184 deal has not been consummated.

The size of the payment ($6.5M) suggests that IDIX met more than one—and perhaps all—of the preclinical milestones laid out in #msg-45620605.

p.s. SEC link for the 8K filing:
http://sec.gov/Archives/edgar/data/1093649/000114420410022466/v182385_8k.htm


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

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