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Biotech / Medical : VD's Model Portfolio & Discussion Thread

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To: Andrew H who wrote (1851)	7/28/1997 10:13:00 PM
From: squetch	of 9719

>>As previously indicated, CYTOGEN expects to review its financing alternatives during the second half of 1997 to meet its anticipated cash needs, including funding of current and new product development.<< I don't remember this being previously indicated, but my brain is like Swiss Cheese. I scanned the 3/97Q and it said something to effect if all goes well >>cash will be adequate to support the ops into '98<< So it looks like they need more money. Either they have underestimated funding costs or don't you think the revs are probably light? How much they need we shall see. What was the general estimate for a scan? The bump today was probably due in part to Forbes article.

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