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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: tom pope who wrote (23744)	5/22/2007 12:48:50 PM
From: A.J. Mullen	Respond to of 52153

Sonus - I owned some when it was developing contrast agents for ultrasound in the nineties? It seems they've reinvented themselves more than once. (This is not a criticism - it's just odd to see a name from the past in a different context.) October 12, 2000 Sonus Pharmaceuticals, Inc. announced a strategic decision to refocus the Company on the development of its drug delivery and blood substitute products. At the same time, Sonus has withdrawn the NDA (New Drug Application) and discontinued clinical activity for its ultrasound contrast product, EchoGen®. August 06, 2001 Sonus Pharmaceuticals, Inc. announced that it has entered into an agreement to sell its ultrasound contrast assets for $6.5 million to Amersham plc. As part of the agreement, Sonus has also assigned to Nycomed its interest in the ultrasound contrast patent license agreement entered into with Chugai Pharmaceutical Co. Ltd. and Molecular Biosystems Inc in January 2001.