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Biotech / Medical : GLGC Gene Logic -- Ignore unavailable to you. Want to Upgrade?


To: Mike McFarland who wrote (323)8/4/2007 1:29:12 PM
From: Mike McFarland  Read Replies (1) | Respond to of 360
 
June 30, 2007--$36.7 million in combined cash, cash
equivalents and marketable securities available-for-sale,
compared to $43.1 million as of March 31, 2007.

"The Company expects cash usage for the second half of 2007
to be lower than for the first half of 2007"

"Gene Logic reported today that it has launched an effort to
secure a development partner for its first proprietary drug
candidate, GL1001, a compound acquired from Millennium
Pharmaceuticals. Using an in vivo model, the Company has
validated its hypothesis that this compound could be used for
treatment of inflammatory bowel disease."

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