GZBX - Genzyme Biosurgery Message Board

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Biotech / Medical : GZBX - Genzyme Biosurgery

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To: Spekulatius who wrote (9)	1/12/2002 6:07:05 PM
From: Extra Pale	Read Replies (1) of 18

Doing some dd on gzbx today and noted that $20m payment to genz for neurocell program is going to be payed in cash now, rather than stock, as previously disclosed. Gzbx has approximately $41m in cash so a $20m payment seems significant. Why the cash vs stock payment? does genz not want stock? Is gzbx turning cash positive, with less need for cash? what am I missing? Genzyme Biosurgery Provides Business Update Snowden-Pencer, Canadian Manufacturing Plant Sold CAMBRIDGE, Mass., Nov 26, 2001 /PRNewswire via COMTEX/ -- Genzyme Biosurgery (snip) The division also announced new plans regarding the method and timing of a payment to Genzyme General in connection with the termination of the development of NeuroCell(TM)-PD for Parkinson's disease. Genzyme Biosurgery plans to refund Genzyme General $20 million in the first quarter of 2002 using cash, rather than designated shares as previously announced. (snip)

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