10-Q quarterly report · filed Nov 17, 2014

Assembly Biosciences Inc (ASMB) Q3 2014 10-Q Quarterly Report

Short answer

Assembly Biosciences Inc (ASMB) filed its Q3 2014 10-Q quarterly report on Nov 17, 2014 for the quarter ended Sep 30, 2014.

Assembly Biosciences Inc Q3 2014 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Revenue $0, unchanged YoY, no product sales
  • R&D expense $1.75M, down 51.52% YoY from $3.60M
  • Worst expense trend: G&A stock compensation $5.51M, up 1,753.33% YoY
  • Operating cash use $11.38M for nine months, financing provided $1.76M
  • October financing added $14.9M; cash expected sufficient through Q2 2016, subject to development risks

Risk Factors

  • No material changes to Item 1A risk factors identified in provided filing text
  • Clinical development risk: HBV CpAM and CDAD programs remain preclinical or early-stage
  • Regulatory risk: Future milestone payments total $825,000 under Indiana University HBV license
  • Financial risk: Cash declined to $17,932,627 by September 30, 2014
  • Acquisition risk: Preliminary Assembly merger valuation includes $30,137,350 indefinite-lived IPR&D and $12,142,702 goodwill

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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