Cistron Biotechnology(CIST)$.30 Message Board

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Biotech / Medical : Cistron Biotechnology(CIST)$.30

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To: Zvi Yammer who wrote (1260)	7/8/1998 1:04:00 PM
From: Rudy Saucillo	Read Replies (1) of 2742

John De Castro I think described the deal very well. It's definitely a low risk agreement for PM. They've basically agreed to fund the remaining preclinical work with their equity investment + $900k and will decide within 3 years whether to license the technology. It's a reasonable start, IMO. Hopefully we'll continue to see progress in the business plan over the coming months. They can never be accused of hyping their stock. This is one of life's undeniable truths! Rudy

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