News Focus
News Focus
Post# of 257262
Next 10
Followers 843
Posts 122802
Boards Moderated 10
Alias Born 09/05/2002

Re: DewDiligence post# 173409

Thursday, 02/27/2014 4:16:02 PM

Thursday, February 27, 2014 4:16:02 PM

Post# of 257262
IDIX cash balance and cash-usage guidance:

http://finance.yahoo.com/news/idenix-pharmaceuticals-reports-fourth-quarter-210500462.html

At December 31, 2013, Idenix's cash and cash equivalents totaled $122.0 million. The Company expects that its current cash and cash equivalents and the net proceeds from the January 2014 registered direct offering of $106.7 million will be sufficient to sustain its operations into at least the second half of 2015. This guidance excludes milestone payments or license fees, reimbursement for development programs and additional financing activities.

I.e. IDIX currently has $228.7M less whatever cash it has burned in 2014 to date.

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

Discover What Traders Are Watching

Explore small cap ideas before they hit the headlines.

Join Today