Investor Relations (IR) Questions: DARA BioSciences DARA
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Answers received: January 2013
"Odd questions since they just raised money two weeks ago and it is all over their news. They are not looking to raise any money and have enough cash to get them through until 2014 in case you are a banker type."
1) When is the last time DARA raised cash through an offering (diluted)? A couple of weeks ago they raised a couple of million dollars
2) How much cash (not cash equivalents) does DARA have? They have approx. 10mm in cash
3) What and approximately when is the next known catalyst? Catalyst over the next couple of months could be in licensing new products or a successful orphan application for KRN5500
4) What is DARA's quarterly cash burn? They burn 2mm a q
5) Does DARA have an existing line of credit and if so how much can they draw against it? No credit line and they aren’t looking for one.
"Odd questions since they just raised money two weeks ago and it is all over their news. They are not looking to raise any money and have enough cash to get them through until 2014 in case you are a banker type."
1) When is the last time DARA raised cash through an offering (diluted)? A couple of weeks ago they raised a couple of million dollars
2) How much cash (not cash equivalents) does DARA have? They have approx. 10mm in cash
3) What and approximately when is the next known catalyst? Catalyst over the next couple of months could be in licensing new products or a successful orphan application for KRN5500
4) What is DARA's quarterly cash burn? They burn 2mm a q
5) Does DARA have an existing line of credit and if so how much can they draw against it? No credit line and they aren’t looking for one.
