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Astex Pharmaceuticals, Inc. Message Board

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  • billyteex1 billyteex1 Jun 9, 2007 2:13 PM Flag

    Bio's

    lltivest

    Supg has plenty of cash so the revenues received from previous quarters is just standard business practice and not hurting them. On the cash basis accounting, since they cannot estimate sales for accurals, this is acceptable rules under Gaap. The CFO presents once a year and I would not be so hard on him. You walk a tight line in these presentations and he did a fair job. Remember once royalitie4s start to roll in WW sales, the timing of payments from MGI will come from JNJ to Mgi to Supg. So the quarter delay will allow time to get figures correct. Now on the subject of possible poor numbers for second quarter...Mgi has stated they are strong. If you rely on IMS reports, they do not have accurate handle on them. Ceo would of warned just like aloxi, he was confident sales are growing.

 
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