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Biotech / Medical : CuraGen (CRGN)

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To: CrazyPete who wrote (466)	3/30/2007 4:56:20 AM
From: nigel bates	Read Replies (1) of 478

>>Is CRGN so desperate for liquidity...<< Undoubtedly. >>...that this was the best deal they could get?<< I'm sure Roche are very happy indeed. Consolidated revenues for 2007 are expected to range from $50 to $55 million and will likely be earned almost exclusively by 454 Life Sciences. CuraGen's consolidated net loss for 2007 is projected to range from $65 to $70 million, with 454 Life Sciences anticipated to achieve a net income of $1 to $3 million for 2007... >>Well crap.<< Just about sums it up for me.

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