Credit Risk Monitor's Sanders highlighted Clovis' high debt level, which ranks in the bottom 10% of the industry when compared to its assets. To make matters worse, Clovisthat the FDA wanted additional data from a study to consider expanding its approval of Rubraca to cover a larger group of cancer patients. Clovis estimates it will take two years to get that data.
Sussman added that the company has acknowledged it needs to raise capital in the near term to fund operations through the next 12 months.The Cambridge, Massachusetts biotech has been trying to launch its first product, a cancer treatment called Tazverik that theEpizyme spent $275 million on operating expenses last year, and. Sanders said Epizyme's financial leverage is"reasonably manageable," but emphasized the company's significant cash losses are a key issue.
The company's stock price has declined more than 90% over the past five years, and Sanders noted Puma is dealing with debt that has an effective interest rate of nearly 11%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Olivia Rodrigo Vies With the Beatles in 2022 MTV Movie & TV Awards Nominations: Full List‘Spider-Man: No Way Home,’ which was the top-grossing film released in 2021, led the pack of scripted nominees with seven nods. Where MTV actually airs something other than Ridiculousness for once
Source: billboard - 🏆 112. / 63 Read more »
2022 MTV Movie & TV Awards: The Complete List of NomineesThe awards show will honor the best of scripted & unscripted entertainment on Sunday, June 5.
Source: etnow - 🏆 696. / 51 Read more »
Biden-hosted Americas summit facing boycott over invitation listIn a potential embarrassment for his administration, a growing number of hemispheric leaders have said they will not attend an Americas summit, to be hosted by President Biden next month in Los Angeles, if the meeting excludes Cuba, Venezuela and Nicaragua. If it's really for America (the whole continent) that shouldn't be a problem, right?
Source: washingtonpost - 🏆 95. / 72 Read more »
Here Are Your 2022 MTV Movie & TV Awards Nominations: See The Full ListThe 2022 MTVAwards nominees are here! Who's your pick to take home a Golden Popcorn? 🍿 euphoriaHBO LokiOfficial squidgame TedLasso Yellowstone squidgame SquidGame euphoriaHBO LokiOfficial squidgame TedLasso Yellowstone squidgame dunemovie ScreamMovies shangchi SpiderManMovie TheBatman SpiderMan No Way Home
Source: MTVNEWS - 🏆 479. / 51 Read more »
India’s Largest Companies: Billionaire Mukesh Ambani’s Reliance Industries Rises On Forbes Global 2000 ListAutoimmune diseases occur, in the broadest sense, when our body’s natural defense, the immune system, mistakes our own cells or tissues for foreign substances, accidentally turning on us and attacking otherwise healthy cells and tissues — in essence, a lapse in the ability to tell self from other.
Source: ForbesTech - 🏆 318. / 59 Read more »
Chicago Ranks Among Top Places to Move in 2021, List ShowsMost Americans moved to the city of Chicago, among nine other destinations, in 2021, according to a newly released list. Lmao yeah ok between the car jackings, robberys, and gunshots all day long. I highly recommend moving to are broke corrupt city. Yeah Fucking Right.................... You mean move out of right? This cannot be accurate coming from someone that has lived here the past 13 years. I want to get the f*ck out!
Source: nbcchicago - 🏆 545. / 51 Read more »