After the company jettisoned its medical operations, employees have been reduced down to only nine people, so the cash burn rate is extremely low.

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Four suitors pursued Tularik, which at the time needed a well-heeled partner due to a high cash-burn rate.

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The company struggled to IPO but got public in late 2010 with a major valuation haircut (fraction of cash invested) as the only way to feed a very high burn rate supporting its formulation improvement for a generic migraine drug.

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