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Astex Pharmaceuticals, Inc. Message Board

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  • billyteex1 billyteex1 Sep 20, 2006 6:00 PM Flag

    ARCH conference

    No they received only 14M on closing of the nipent U.S. sale and 5M from Cilag . They will receive another 20M for Nipent upon certain milestones. Supg probably will record around 61m-65M in cash at the end of 3rd quarter. They had received 2nd quarter about 20M milestone Dacogen approval and spent 9M for Montigen and 2.2M for early termination of Nipent rights.

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    • Thanks...like I said I'm now just trying to learn about the stock. I personally think the technicals look great and the fundies looked good to so I bought. Now just trying to dig deeper. Do we know what kind of milestones have to be met inorder to get the other 20M? Are these months away or years away?

 
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