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Biotech / Medical : CYPB - Cypress BioScience
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To: muddphudd who wrote (229)5/27/1998 10:03:00 AM
From: Meridian   of 586
 
<<Do we know what their burn-rate is right now?

Muddphudd,

Allen & Co is primarily an investment banker and has provided financing to CYPB over the last 5 or so years ... albeit at a steep price, because they were the only game in town. Now we've got a few more institutions/bankers following our stock and hopefully when CYPB needs a bridge loan with an equity kicker (most likely $5-$10 million) they can shop it around and get the best price.

Brian
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