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Biotech / Medical : INCR - Incara Pharmaceuticals Corporation

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To: JEB who wrote ()7/22/1999 7:32:00 PM
From: JEB   of 13
 
The stock swap effectively reduces the outstanding shares to 3.1 Million. Also, reduces the investment still needed to finalize the phase III BEXTRA study to only 35% in the U.S. and Japan. INCR will share the costs and territory with BASF Pharma/Knoll AG (Germany) and will pay a royalty through CPEC to IPIC.

biz.yahoo.com

BTW - BEXTRA phase III completion is scheduled around June of 2000
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