CXS
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0.00% 70.0¢ chemgenex pharmaceuticals ltd

Financing looks like a problem. At the cash burn rate of the...

  1. danny3
    1,492 Posts.
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    27/08/10
    20:32
    Post #: 7073391
    Financing looks like a problem. At the cash burn rate of the last FY, they only have enough to last another six months or so.

    So they are dependent on either another milestone payment from Hospira - most likely on EMEA approval - or there's going to be another capital raising in the not so distant future.

    [holding CXSOA]
    CXS Price at posting: 34.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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