Olema Pharmaceuticals (NASDAQ:OLMA) Is In A Good Position To Deliver On Growth Plans [Yahoo! Finance]
Olema Pharmaceuticals, Inc. (OLMA)
Company Research
Source: Yahoo! Finance
For example, biotech and mining exploration companies often lose money for years before finding success with a new treatment or mineral discovery. But while history lauds those rare successes, those that fail are often forgotten; who remembers Pets.com? So, the natural question for Olema Pharmaceuticals NASDAQ:OLMA ) shareholders is whether they should be concerned by its rate of cash burn. In this article, we define cash burn as its annual (negative) free cash flow, which is the amount of money a company spends each year to fund its growth. The first step is to compare its cash burn with its cash reserves, to give us its 'cash runway'. View our latest analysis for Olema Pharmaceuticals How Long Is Olema Pharmaceuticals' Cash Runway? A company's cash runway is calculated by dividing its cash hoard by its cash burn. As at March 2024, Olema Pharmaceuticals had cash of US$249m and no debt. In the last year, its cash burn was US$87m. That means it had a cash runway of about 2.9 ye
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OLMA
News
- Olema Oncology Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)GlobeNewswire
- Olema Pharmaceuticals, Inc. (NASDAQ: OLMA) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $30.00 price target on the stock.MarketBeat
- Olema Oncology to Participate in Upcoming Investor Conferences in JuneGlobeNewswire
- Olema Pharmaceuticals, Inc. (NASDAQ: OLMA) had its "buy" rating re-affirmed by analysts at HC Wainwright. They now have a $30.00 price target on the stock.MarketBeat
- Olema Oncology Announces Promising New Data for Palazestrant in Combination with Ribociclib Presented at the 2024 ESMO Breast Cancer Congress [Yahoo! Finance]Yahoo! Finance
OLMA
Earnings
- 3/11/24 - In-Line
OLMA
Sec Filings
- 6/14/24 - Form 8-K
- 6/14/24 - Form SC
- 6/6/24 - Form SC
- OLMA's page on the SEC website