with results due this month, my estimate for net cash as at end sept 04 (full year) is c£8-9M - against £14.7M to end march 04
this is based on an assumption in the 2nd half of:
c £1m in milestones
c£1.5M in royalties
c£0.3m product sales in 2nd half
against costs for the 2nd half of c £9M.
costs since this period are i think at around £8.5M for the next half (to end March 05).
Net result....with no major milestones coming through, mlb has enough cash until c end April
however, if EU clearance for formeterol comes through in next 2 months, mlb will become a serious takeover play....as this guarantees growing royalty income and the chances of budesonide also getting eu clearance
Dow Jones Euro Stoxx 50 Index Mitts stock quotes
Dow Jones Euro Stoxx 50 Index Mitts stock charts
Follow this thread
