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Replies to #96845 on Biotech Values
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rkrw

06/07/10 10:54 AM

#96848 RE: wallstarb #96845

By my calcs cash is at about $25M as of 6/30 and burning $25M/year, so not too decent since the last thing they'd want is to let cash dwindle down and have no leverage with investors. I assume the prior PIPE buyers will reup again and squeeze them some more.

A CR in pancreatic would be very unusual but it's just one. They have a long way to go.