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DewDiligence

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DewDiligence

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Re: DewDiligence post# 172598

Thursday, 02/27/2014 7:02:44 PM

Thursday, February 27, 2014 7:02:44 PM

Post# of 257262
PTLA may have some problems, but not liquidity problems:

http://www.sec.gov/Archives/edgar/data/1269021/000119312514073391/d683692dex991.htm

Cash, cash equivalents and investments at December 31, 2013, totaled $319.0 million… Portola expects to end 2014 with approximately $185 million to $200 million in cash, cash equivalents and investments.

In other words, the projected 2014 cash burn is $119-134M. The Betirxaban program is consuming much of this amount.

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

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