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ACADIA Pharmaceuticals Inc. Message Board

  • traderexpert694u traderexpert694u Nov 29, 2012 9:03 AM Flag

    FACTS you can't IGNORE: $348.5M sold equity, $114.2 from agreements, 22.4 debt financing, 23M cash.


    CASH BURN RATE = $20M minimum per quarter.

    REALLY SMART MONEY SOLD THE NEWS DAY 1.....The rest of you will see gains go bye bye.


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    • At September 30, 2012, ACADIA’s cash, cash equivalents and investment securities totaled $23.1 million compared to $31.0 million at December 31, 2011. ACADIA expects that its current cash resources and anticipated payments from its existing collaborations will be sufficient to fund its operations into the second half of 2013. low life liar, how about 7 mil burn?

      Sentiment: Strong Buy

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