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Biotech / Medical : TELK -- Telik, Inc.

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To: scaram(o)uche who started this subject8/22/2003 3:18:39 AM
From: mopgcw   of 887
 
Telik files $150 million stock, debt shelf

Friday August 15, 5:29 pm ET

WASHINGTON, Aug 15 (Reuters) - Biotechnology company Telik Inc. (NasdaqNM:TELK - News) on Friday filed with the Securities and Exchange Commission (News - Websites) to sell from time to time $150 million in stock, warrants and debt securities.

The Palo Alto, Calif.-based company plans to use the proceeds for research, development and general corporate purposes, and may use some of the funds to acquire or invest in businesses, products and technologies, according to the shelf filing.
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