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Cyclacel Pharmaceuticals, Inc. Message Board

  • investormdpart2 investormdpart2 Jan 12, 2011 1:51 PM Flag

    what about funding?

    If CYCC doesn't partner do they have enough cash to complete the Phase 3 trial(s). They have some cash, but it's certainly not excessive. What are the thoughts here on the need to raise funding? I don't think partnering before a bit more funding makes sense. Studies have shown that a very strong balance sheet before funding leads to a better deal.

    I wonder how much it would cost for them to run the Phase 3 if they go it alone.

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    • tradingprofit Jan 12, 2011 1:56 PM Flag

      I'm holding both CYCC and SNSS, Sunesis claims to get to FDA approval with 50million$ if i'm not mistaken, last offering was only a few month's agoo. What's the status of CYCC'f financials in cash?

      • 1 Reply to tradingprofit
      • CYCC had $18.5 at the end of September and then they raised $14.1 in October. We don't know what they burned into Q4 but I'm assuming about $4M. So cash should be right around $28.6M. I really feel like they need to strengthen things up a bit before partnering. Going it alone with this amount of cash seems very risky. I would raise (I think they can do this with minimal dilution to shareholders) and then partner.

        I think this is one of the more attractive companies based on price/potential.

        I used to track Sunesis. Are they looking good?

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