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Biotech / Medical : Aurora Biosciences (ABSC)

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To: Vector1 who wrote (143)	7/24/1998 3:20:00 AM
From: John Dwyer	of 359

This is a good point. However, the bulk of the increase in spending occurred in the screening systems and R&D categories... this further highlights my concern a couple months ago that the UHTSS is going to begin consuming a tremendous amount of cash. The screening collaborations do not provide enough cash flow to help offset these expenditures and they will not receive milestone payments until they deliver the microfluidics modules. Let's hope that they somehow deliver these on time... ABSC does not want to float a secondary in the current biotech market. John

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