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


To: Dan Sorenson who wrote (7410)11/25/1998 9:17:00 PM
From: Dan Sorenson  Read Replies (1) | Respond to of 8116
 
From the S-1 filing, a nice move as the facility is way underutilized and we keep bearing the costs of such with only incremental revenues from 3rd parties to help offset a small portion of the fixed costs of ownership. I hope someone sees value in it as it could provide us some immediate cash and also nicely add to our expense reductions.

>>>>>>>>>>>>>>>>>>>>>>>>. - Offered our manufacturing facility for sale.
We have determined that outsourcing manufacturing
of the Company's products is more economical and
consistent with our strategies. As a result, we
have offered the facility for sale with the
condition that any purchaser agrees to continue to
4<PAGE>
manufacture the Company's products currently
manufactured at the facility.<<<<<<<<<<<<<<<<<<<<<<<<<<<<

Dan