Replies to post #11619 on Biotech Values

[DewDiligence]

>>In the meantime what about Green's financial figures. Looks like they are down to $7 mill in cash by the end of 05.<<

No – the $20M projected cash burn for 2005 includes the $6.6M already burned during Q1; i.e. the projection is that only $13.4M will be burned during Q2-Q4, leaving more than $14M at year-end: #msg-6183031, #msg-6175078. Regards, Dew

[urche]

Aloha asked re GTCB:

"Dilution coming or any hint of a partner dollar volume?"

As Dew pointed out, the cash appears adequate to last comfortably into 2006. At that point, assuming EMEA approval, GTCB will have a partner helping with financing, and a better stock price. I have heard that they may even announce a partner before EMEA decision in October. After all, there isn't much to lose, they are literally going for broke on ATryn.

urche