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Biotech / Medical : Infinity Pharmaceuticals

INFI 0.0160

-4.8%

Sep 29 5:00 PM EST

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To: mopgcw who wrote (26)	4/26/2006 10:38:26 AM
From: Steve Lokness	Read Replies (1) of 210

Infinity: <<Infinity, which is not disclosing its cash, raised a total of $82.2 million in two rounds from venture investors, including a $70 million series B round in 2002. Since then, the company has raised money at premiums to that valuation via equity investments from corporate partners.>> Anyone have a feel for what cash they do have? Looks to me like they are blowing through cash rapidly - but it's hard to tell? Surely the prospectus will show that when it comes out. <<“Then this opportunity came up>> I think Mike is responsible for this deal - someone read his comments and a light went on. <smile> Steve

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