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Biotech / Medical : CNSI Cambridge Neuroscience

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To: Green Receipt who wrote (516)7/23/1999 10:13:00 AM
From: Mike McFarland  Read Replies (1) of 675
 
Second Quarter 1999 Financial Results

biz.yahoo.com
(snip)
The increase in revenue was attributable to research reimbursements by Bayer AG of costs incurred by the Company under its GGF collaboration. The Company's cash balance as of June 30, 1999 was $10.8 million, a decrease of $1.1 million since December 31, 1998.

''By continuing to focus resources on our two externally-funded programs, we have been able to effectively manage expenditures,'' said Harry Wilcox, Chief Executive Officer of the Company. ''We continue to be pleased with the progress of our collaborations with Allergan for ophthalmic disorders and Bayer for multiple sclerosis and other neuropathies.''
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lean and mean, cnsi is a damn good value--
...it may be several more years however David--
just be ready to do a quick trade if they file
INDs and something gets out into the press
about it.
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