Sub 40 mill mc with money in the bank and an income stream this is not the worst bio stock by a long way maybe some upside in coming days
Alchemia's financial position includes $8.9 million in cash, and a$6.5 million R&D Tax Incentive refund expected to be received by November 2014. Fondaparinux, the Company's U.S. Food and Drug Administration (FDA)-approved anti-coagulant drug, is expected to continue to provide an important revenue stream generated by the profit share agreement with its partner, Dr Reddy's Laboratories. Fondaparinux is approved in the U.S., Canada and India and is under review for approval in other key markets.
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