Investor Relations (IR) Questions: Advanced Cell Technology ACTC
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Answers received: January 2013
1) When is the last time ACTC raised cash through an offering (diluted)?
Advanced Cell announced a deal with Lincoln Park capital about 4 months ago
2) How much cash (not cash equivalents) does ACTC have?
They have approximately $8 million cash as of the last quarter.
3) What and approximately when is the next known catalyst?
ACTC has announced some positive results regarding the first half of their clinical trials. They will be treating patients whose vision hasn't atrophied as far as earlier in the trials, as good as 20/100. Further news from the trials can be expected, as well as the Company's work towards gaining a Nasdaq listing. ACTC is also looking to initiate a trial for its blood platelets from embryonic stem cells.
4) What is ACTC's quarterly cash burn?
The Company has a quarterly burn rate of around $3.75 million
5) Does ACTC have an existing line of credit and if so how much can they draw against it?
ACTC has a line with Lincoln Park from which they can draw around $35 million.
1) When is the last time ACTC raised cash through an offering (diluted)?
Advanced Cell announced a deal with Lincoln Park capital about 4 months ago
2) How much cash (not cash equivalents) does ACTC have?
They have approximately $8 million cash as of the last quarter.
3) What and approximately when is the next known catalyst?
ACTC has announced some positive results regarding the first half of their clinical trials. They will be treating patients whose vision hasn't atrophied as far as earlier in the trials, as good as 20/100. Further news from the trials can be expected, as well as the Company's work towards gaining a Nasdaq listing. ACTC is also looking to initiate a trial for its blood platelets from embryonic stem cells.
4) What is ACTC's quarterly cash burn?
The Company has a quarterly burn rate of around $3.75 million
5) Does ACTC have an existing line of credit and if so how much can they draw against it?
ACTC has a line with Lincoln Park from which they can draw around $35 million.