Marina Says Cash Will Run out at the End of the Month, Reports 2011 Financials | GenomeWeb

Roughly six months after stating that it could not file its 2011 annual report on time due to “financial and strategic uncertainties,” Marina Biotech has released its financial results for last year and, in doing so, disclosed that it will be out of money by the end of October.

As of Dec. 31, 2011, Marina had just $2 million in cash, $1 million of which was restricted, it said in filing with the US Securities and Exchange Commission released last week.

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