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Latest revision as of 11:42, 2 May 2019

30th 2017 S1/A pg 12) of $66 million, taking into account an average cash burn of $9.2 million/quarter for 2017, which is extrapolated through the final quarter, the company currently holds roughly $182 million in cash. After subtracting the licensing fee for their lead candidate from Merck for $11 million, we arrive at a usable cash balance of $171 million. ARMO provided expense guidance for their current pipeline with an asset (AM0010) currently in Phase III trials for pancreatic cancer and two Phase II trials in lung cancer for a total of $70 million over the course of the trials.

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