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Biotech / Medical : Supergen (supg)
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To: Russian Bear who wrote (45)1/19/1999 12:20:00 PM
From: Biomaven  Read Replies (1) of 124
 
RB,

My guess is that SPTA had about 6 months cash, and no prospect of new financing given they were recently exiled to BB land and already had a bunch of Preferred outstanding.

Haven't looked at their pipeline closely, but one has to assume there's nothing too dramatic there given the price of today's deal. However, if you collect a bunch of compatible niche products together, you can still make a very nice business.

Peter
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