Cipher Pharmaceuticals Inc T.CPH

Tax Losses

[r0nald]

Did I hear that correctly? Will the tax losses of, what was it $100 million (?), be used by end of 2020(!). They are in talks about that? What should that be worth $10-20 million? Amazing!

[alfhope]

Where do you see tax losses of $ 100 million ? Dont understand.

[r0nald]

That is the number I recalled. I was wrong though, factually it something like $ 210 million. "The Company has various non-capital losses of approximately $210 million and proactively works with its tax advisors to utilize these losses with the objective of minimizing the amount of cash taxes payable."  https://filecache.investorroom.com/mr5ircnw_cipher/229/download/Q1%202020

[nozzpack]

The Cardiome subsidiary has non-capital losses of $211,390,000 ,investment tax credits of $13,587,000  and SR&ED expenditures of $54,859,00  The non-capital losses expire in varying amounts from 2026 to 2036. The investment tax credits expire in varying amounts from 2023 to 2032.