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Biotech / Medical : Cor Therapeutics Inc. (CORR) -- Ignore unavailable to you. Want to Upgrade?


To: Jerry Rush who wrote (238)5/20/1998 2:29:00 PM
From: HerbertOtto  Respond to of 712
 
Looking for financial info on CORR. Market Guide says CORR has only about $70M in cash. Who will produce the new drug, Integrilin? If CORR, then has there been any talk of financing?

Perhaps a Secondary Offering of stock? Or a Note Sale?

GENZ just got a drug approval last week. Yesterday announced a private placement of $250M in convertible notes. 10% dilution potential. Stock dropped 10%.

I would like to invest in CORR, but the finances are up in the air right now.

Good luck,
Herbert