Summary
ARDANA has warned it will need to broker a deal for one of its drugs or go to the market to raise funds if it is to carry out its development plans.
The Edinburgh-based pharmaceutical company, which yesterday announced the departure of its chief executive Maureen Lindsay, said in a statement that its "development programme will be managed and scheduled in line with available funds" warning a deal would be required within a year to support the plans.See the full content of this document
Extract
Ardana Seeks Cash or Deal to Secure Development Plans
Analysts at brokers Piper Jaffray appeared to go further, predicting that, without cost cutting or a lic...
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