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Biotech / Medical : biotech fireworks

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To: JMarcus who wrote (1364)	12/19/2003 6:02:45 PM
From: JMarcus	Read Replies (1) of 7424

ISV announced a deal just before the close of trading. The deal wasn't a partnership with Bausch & Lomb for ISV-401 but a sale of ISV-403 to Bausch & Lomb. ISV gets cash, a royalty, and cancellation of the Series A-1 Preferred Stock previously issued to B&L. This has to be better than an immediate bankruptcy for ISV. The press release was published at 3:49 PM (strange timing), sending the stock up 26%. Marc

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