MGI Pharma MOGN New patents, anti cancer Message Board

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Biotech / Medical : MGI Pharma MOGN New patents, anti cancer

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From: sim1	11/29/2007 9:36:50 AM
	of 1826

MGI PHARMA Issues Statement Thursday November 29, 9:11 am ET MINNEAPOLIS--(BUSINESS WIRE)--MGI PHARMA, INC. (NASDAQ:MOGN - News) a biopharmaceutical company focused in oncology and acute care, today stated that its board of directors has authorized management to evaluate possible strategic alternatives. To assist in this process, the company retained the services of Lehman Brothers, who is acting as its exclusive financial advisor. There can be no assurance that a strategic transaction will be pursued or consummated, and the company indicated that its strategy is yielding strong operating and financial performance. Contrary to statements recently reported, it is the company’s policy not to comment on rumors and speculation regarding its review of possible strategic alternatives. In keeping with that policy, the company will not publicly disclose further information regarding the status of its evaluation until the process has been completed.<snip>

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