Risk Factors Update Summary
- We may rely on third parties to develop product candidates, subject to extensive regulation.
- Doubt about ability to continue as a going concern due to accumulated deficit of $1.29 billion.
- Net losses incurred in 2021 and 2020 of $94.7 million and $170.5 million, respectively.
- Failure of collaborators to comply with laws may result in financial and operating risks.
- Increase in Randal J. Kirk's common stock ownership from 38% to 39%.
- Decrease in employees from 138 to 134 supporting research and development functions.
- Increase in net proceeds raised to approximately $72.8 million in an offering.
- Termination of agreements with collaborators could limit revenue generation and harm product development efforts.
- Reduction in employees from 33 to 25 at Exemplar by the end of 2023.
- Reduction in accumulated deficit from $1.29 billion to $1.29 billion by the end of 2023.
Full Text Changes in Most Recent 10-K
Intended use: review the highlighted statements. These are additions to the risk factors disclosure in the most recent 10-K filing compared to the previous 10-K filing. Deleted and moved text is less important and is shown for context.
To view the full company filings, click on the following link to be taken to the SEC EDGAR database landing page for the company: https://www.sec.gov/edgar/browse/?CIK=1356090&owner=exclude
This content requires a 'Free' membership to view. Please create one here.
This content requires a 'Free' membership to view. Please create one here.