ImmunoCellular Therapeutics (IMUC) Reports In-Line Q3 EPS
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Maxim Group Downgrades ImmunoCellular Therapeutics (IMUC) to Hold
November 11, 2016 7:59 AM ESTMaxim Group downgraded ImmunoCellular Therapeutics (NYSE: IMUC) from Buy to Hold.
Analyst Jason McCarthy highlighted:
IMUC reported 3Q16 with a net loss of $4.8M and ended the period with $15.3M in cash. With operating expenses of $6M per quarter, we estimate the company has sufficient funding well into 2017. In addition, funds from what remains of the $19.9M CIRM grant could further extend the cash runway and are payable based on... More