|
|
 | | | |
- close
- close
- close
- close
| |||||||||
ELN » Topics » We have substantial cash needs and we may not be successful in generating or otherwise obtaining the funds necessary to meet our cash needs.This excerpt taken from the ELN 6-K filed Mar 30, 2009. We
have substantial cash needs and we may not be successful in
generating or otherwise obtaining the funds necessary to meet
our cash needs.
At 31 December 2008, we had $1,765.0 million of debt
due in November 2011 ($1,150.0 million) and November 2013
($615.0 million). At such date, we had cash and cash
equivalents, current restricted cash and current investments of
$426.0 million. Our substantial indebtedness could have
important consequences to us. For example, it does or could:
We estimate that we have sufficient cash, liquid resources and
current assets and investments to meet our liquidity
requirements for the foreseeable future. Although we expect to
continue to incur operating losses in 2009, in making our
liquidity estimates, we have also assumed a certain level of
operating performance. Our future operating performance will be
affected by general economic, financial, competitive,
legislative, regulatory and business conditions and other
factors, many of which are beyond our control. Even if our
future operating performance does meet our expectations,
including continuing to successfully commercialise
Tysabri, we will need to obtain additional funds to meet
our longer term liquidity requirements. We may not be able to
obtain those funds on commercially reasonable terms, or at all,
which would force us to curtail programmes, sell assets or
otherwise take steps to reduce expenses or cease operations. Any
of these steps may have a material adverse effect on our
prospects.
This excerpt taken from the ELN 20-F filed Feb 26, 2009. We
have substantial cash needs and we may not be successful in
generating or otherwise obtaining the funds necessary to meet
our cash needs.
At December 31, 2008, we had $1,765.0 million of debt
due in November 2011 ($1,150.0 million) and November
2013 ($615.0 million). At such date, we had cash and cash
equivalents, current restricted cash and current investments of
$426.0 million. Our substantial indebtedness could have
important consequences to us. For example, it does or could:
Table of Contents
We estimate that we have sufficient cash, liquid resources and
current assets and investments to meet our liquidity
requirements for at least the next 12 months. Although we
expect to continue to incur operating losses in 2009, in making
our liquidity estimates, we have also assumed a certain level of
operating performance. Our future operating performance will be
affected by general economic, financial, competitive,
legislative, regulatory and business conditions and other
factors, many of which are beyond our control. Even if our
future operating performance does meet our expectations,
including continuing to successfully commercialize
Tysabri, we will need to obtain additional funds to meet
our longer term liquidity requirements. We may not be able to
obtain those funds on commercially reasonable terms, or at all,
which would force us to curtail programs, sell assets or
otherwise take steps to reduce expenses or cease operations. Any
of these steps may have a material adverse effect on our
prospects.
| EXCERPTS ON THIS PAGE:
|
| |||||||
