MEDX ... anybody following? Message Board

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Biotech / Medical : MEDX ... anybody following?

MEDX 31.15

-0.3%

Nov 3 1:15 PM EST

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To: rkrw who wrote (2106)	1/13/2009 3:05:38 PM
From: LJM	Read Replies (1) of 2240

Somebody must have made a typo. ;-) Medarex expects a cash burn rate per month of ~$12.2 mln, a decrease from previous guidance for a monthly 2008 cash burn rate of ~$12.4 mln 12:11 PM ET 1/13/09 \| Briefing.com For FY08, co currently expects a cash burn rate per month of ~$12.2 mln, a decrease from previous guidance for a monthly 2008 cash burn rate of ~$12.4 mln. This guidance includes Medarex's continual investment in its pipeline and the net contributions to the ipilimumab program. Medarex expects its monthly cash burn rate per month for the full year of 2009 to remain largely consistent with full-year 2008 net cash burn.

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