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Article: Immune Response searches for white knight. (High-Tech).(Brief Article)(Statistical Data Included)
- Article from:
- San Diego Business Journal
- Article date:
- April 15, 2002
- Author:
CopyrightCOPYRIGHT 2002 CBJ, L.P. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The clock is ticking for Immune Response Corp.
A company official said the biotechnology firm is exploring several financing options to keep it afloat past the end of this month when Immune Response is expected to run out of money.
The Carlsbad-based firm said earlier it has $2.7 million in cash.
The firm's quarterly burn rate is about $6 million, said Creighton Law head, head of investor relations at Immune Response.
Lawhead said Immune Response hopes to get the funding from a private placement, but also entered merger discussions with big drug companies.
Lawhead wouldn't say how much money the firm is hoping to raise through ...