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Array BioPharma, Inc. Message Board

  • prembhai44 prembhai44 May 7, 2013 10:36 PM Flag

    Arry needs cash and lots of it for its trials...... CASH IN KING.

    Expect another round of financing coming. They cannot sustain trials with limited cash on hand, I expect to see a diluting coming anytime. It was why she went down so hard today, everyone knows their cash at hand situation cannot take them to the finish line. Plain and simple , expect to hear about it soon before markets starts flattening

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    • Read the earnings transcript. Seems plenty of discussion going on re. partnering - "While we feel our cash position is healthy, we are focused, as I mentioned, on bringing additional sources of non-dilutive capital the way we prefer to fund the company, to support our development efforts".
      I recommend everyone should read the transcript. Exciting times ahead for Array.

      Sentiment: Strong Buy

 
ARRY
7.40+0.07(+0.95%)Mar 27 4:00 PMEDT