Investor Relations (IR) Questions: Oradmed Pharma ORMP
Click here to return to the biotech IRQ Index
Answers received: January 2013
1) When is the last time ORMP raised cash through an offering (diluted)?
Aug-Nov 2012 : Private Offering
2) How much cash (not cash equivalents) does ORMP have?
As of Nov 30, 2012 the company owned cash and cash equivalents of $5,531,075 (cash equivalents are bank deposits for a period shorter than 3 months) and $1,064,808 Marketable securities
3) What and approximately when is the next known catalyst?
We should be receiving an answer from the FDA re the IND application filing for the upcoming Phase 2 clinical trial on oral insulin by January 30th. Additionally, The company recently announced and effected a reverse split which may allow for uplisting to Nasdaq in the very near future.
4) What is ORMP's quarterly cash burn?
According to the planned budget for the twelve months beginning December 1, 2012, the average monthly expenditure should be approximately $404,000.
5) Does ORMP have an existing line of credit and if so how much can they draw against it?
The Company does not have an existing line of credit.
1) When is the last time ORMP raised cash through an offering (diluted)?
Aug-Nov 2012 : Private Offering
2) How much cash (not cash equivalents) does ORMP have?
As of Nov 30, 2012 the company owned cash and cash equivalents of $5,531,075 (cash equivalents are bank deposits for a period shorter than 3 months) and $1,064,808 Marketable securities
3) What and approximately when is the next known catalyst?
We should be receiving an answer from the FDA re the IND application filing for the upcoming Phase 2 clinical trial on oral insulin by January 30th. Additionally, The company recently announced and effected a reverse split which may allow for uplisting to Nasdaq in the very near future.
4) What is ORMP's quarterly cash burn?
According to the planned budget for the twelve months beginning December 1, 2012, the average monthly expenditure should be approximately $404,000.
5) Does ORMP have an existing line of credit and if so how much can they draw against it?
The Company does not have an existing line of credit.
