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Liminal BioSciences Inc. PFSCF


Primary Symbol: LMNL

Liminal BioSciences is a biopharmaceutical company focused on the discovery and development of novel, small molecule drug candidates for the treatment of patients suffering from fibrotic or inflammatory diseases that have a high unmet medical need. Liminal BioSciences operates on an integrated basis from our talent hubs in Laval, Quebec, Canada, and Cambridge, UK. Our common shares are listed for trading on the Nasdaq Global Market.


NDAQ:LMNL - Post by User

Bullboard Posts
Comment by sah1on May 25, 2017 5:49am
272 Views
Post# 26281295

RE:Cash left

RE:Cash leftActually cash on hand is probably closer to $30M as we speak. At the end of March cash in the till was $20M (sedar). Add in Thomvest financing of $25M which concluded in April and we get $45M. Cash burn is approximately $30M per quarter so assume $15m cash burn to date in Q2 and voila $30M plus gross profit on resin sales. The SRAM Chinese deal has not yet been finalised (only a binding agreement has been signed). Unless this deal is concluded soon, cash on hand at the end of Q2 could approach $15-18M depending on resin sales. Please correct my numbers if I have missed anything.
Bullboard Posts