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Biotech / Medical : CMTR-CHEMTRAK FDA OK
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To: Kip518 who wrote (618)4/8/1997 4:24:00 PM
From: warren kaplan   of 1172
 
does anyone know the details as to why J &J paid CMTR 3.5MM in '95 and discontinued distribution of Cholestrak? the proceeds from the private placement of the convertible debentures in '96 (5MM) have been burned. the company must be scrambling for additional financing as the clock is ticking.Selfcare would be the obvious choice once the HIV is approved
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