At the $13.7 average quarterly burn rate during the four most recent quarters, the 6/30/10 balance of $51.0M is sufficient to fund operations for 3.7 quarters without additional funding. If a partnership deal is struck for IDX184 (with or without IDX320) during 2010, the upfront cash from the deal will presumably make IDIX’s liquidity moot.
Operating cash burn and quarter-ending cash balance for the past ten quarters were as follows (all figures in $M):
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