STEM
Sobre la financiación que hizo hace 2 semanas y futuros catalizadores cercanos:
Regarding the Phase I/II AMD study:
• Final results will be presented by Stephen Huhn at the International Society for Stem Cell Research Annual Meeting, June 24-27 in Stockholm, Sweden. According to the program, the plenary session will take place on 6/26/15.
Regarding the Phase II AMD study in geographic atrophy:
• They are working on initiating the clinical sites. The study will involve 63 patients and has a 12 months primary endpoint.
Using the average annual increase, which has been fairly consistent over the last three years, cash used by operations would total around $31 million for 2015. Based on year end cash balances and estimating cash used in the first quarter, STEM should have cash on hand of approximately $42 million, which is about equal to the
• prices its public offering of common stock and warrants at $0.70 for the combination. The exercise price of the five-year warrants is $0.85. The number of shares is not disclosed but the expected gross proceeds of ~$25M implies 35.7M.
• Underwriters over-allotment is an additional 5,357,250 shares and warrants to purchase an additional 4,017,938 shares. Closing date is April 29.
The Company has also granted the underwriters a 30 day option to purchase up to an additional 5,357,250 shares of common stock and/or warrants to purchase up to an additional 4,017,938 shares of common stock to cover over-allotments, if any.
«Después de nada, o después de todo/ supe que todo no era más que nada.»