Audeo Oncology (Audeo Oncology) Accounts Payable & Accrued Expense : $4.51 Mil (As of Sep. 2012)

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What is Audeo Oncology Accounts Payable & Accrued Expense?

Audeo Oncology's quarterly accounts payable & accrued expense declined from Mar. 2012 ($28.04 Mil) to Jun. 2012 ($2.03 Mil) but then increased from Jun. 2012 ($2.03 Mil) to Sep. 2012 ($4.51 Mil).

Audeo Oncology's annual accounts payable & accrued expense increased from Jun. 2010 ($11.35 Mil) to Jun. 2011 ($22.88 Mil) but then declined from Jun. 2011 ($22.88 Mil) to Jun. 2012 ($2.03 Mil).

Audeo Oncology Accounts Payable & Accrued Expense Historical Data

The historical data trend for Audeo Oncology's Accounts Payable & Accrued Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Audeo Oncology Accounts Payable & Accrued Expense Chart

Audeo Oncology Annual Data

Trend

Jun10

Jun11

Jun12

Accounts Payable & Accrued Expense

11.35

22.88

2.03

Audeo Oncology Quarterly Data
	Jun11	Mar12	Jun12	Sep12
Accounts Payable & Accrued Expense	22.88	28.04	2.03	4.51

Audeo Oncology Accounts Payable & Accrued Expense Calculation

Accounts payable & accrued expense usually includes accounts payable, accrued compensation and related benefits, etc.

Accounts payable is money owed by a business to its suppliers shown as a liability on a company's balance sheet. It is distinct from notes payable liabilities, which are debts created by formal legal instrument documents.

It is part of the current portion of the liabilities (due within one year or within the normal operating cycle if longer) reflected on the balace sheet of the company. A higher Accounts Payable means lower Working Capital needed to operate the business.

Audeo Oncology (Audeo Oncology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Audeo Oncology Inc (DELISTED:AURX) » Definitions » Accounts Payable & Accrued Expense

Traded in Other Exchanges

N/A

Address

Website

http://www.audeooncology.com

Audeo Oncology, Inc was incorporated in Delaware in June 2012. It is a late stage biopharmaceutical company utilizing its Hyaluronic Acid Chemotransport Technology, or HyACT, to target cancer drugs preferentially to tumor cells to enhance drug activity. HyACT is a flexible platform technology designed to increase the effectiveness of anti-cancer agents without increasing treatment toxicity. It seeks to reduce the risks related to drug development by using known anti-cancer drugs, and aim to enhance their commercial value by improving their effectiveness. The Company's lead HyACT product candidate, HA-Irinotecan, is currently in a pivotal Phase III clinical trial for metastatic colorectal cancer, or mCRC. HA-Irinotecan is also in an investigator-sponsored Phase II clinical trial for small cell lung cancer, or SCLC. It also has two other HyACT product candidates that have successfully completed Phase I clinical trials. In addition to its current clinical-stage product candidates, it aims to develop a pipeline of product candidates by exploiting its significant know-how in cancer stem cell biology and cancer metabolism combined with the Versatile Assembly on Stable Templates, or VAST, molecule drug discovery technology that it will in-license. The Company's lead product candidate is HyACT-targeted irinotecan, or HA-Irinotecan, for the treatment of mCRC. Irinotecan, which is marketed in major markets by Pfizer as Camptosar, is an off-patent chemotherapy drug widely used in the treatment of mCRC. Government authorities in the United States (including federal, state and local authorities) and in other countries extensively regulate the manufacture, research, clinical development, labeling, packaging, distribution, post-approval monitoring and reporting, advertising, promotion, export and import of pharmaceutical products, such as those it is developing.