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OncoGenex Pharmaceuticals, Inc. Message Board

  • keltus1952 keltus1952 Aug 17, 2014 1:48 AM Flag

    OGXI back on my watchlist....$3.30

    Was looking back on trades from 2013 and discovered OGXI, which I'd completely forgotten about. I traded it when it was in the $10 area.

    So now they have about $62 million of cash (after July offering plus 6-30-14 cash total). They say enough to last until Q 3 of 2016. Burn looks like about $7-8 mil per quarter. Market cap is about $70 mil so the pipeline is almost free. Of course that changes as the cash is burned.

    Looks like a buy in this area with the Phase II and III programs. Will be watching much more closely.

    Kel

 
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