by on April 20, 2019
Previous increases in assets were associated with multiple funding rounds prior to the IPO. Net loss has increased steadily over these years, and has risen sharply so far in 2017, as can be expected with the initiation of clinical trials. After a brief drop in cash to $247.2 million, AveXis initiated a public offering of 4.65 million shares and received $269.8 million bringing its accumulated cash to $469.3 million as of June 30th, 2017, and increasing its total shares outstanding to 31.92 million.Image generated by Microsoft Excel, sourced from AveXis annual reports.Understanding the source of the net loss in a small biotech such as AVXS can provide insight into the company's focus and its dedication to its product/research vs.
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