Cash management reports

Synergen Inc. (SYGN) and Centocor Inc. (CNTO) reported positive progress in their crash programs to slash spending.

CNTO surpassed its $15 million cash-burn rate goal for the second quarter ended June 30, burning $12.2 million. Spokesperson Richard Koenig said CNTO plans to achieve burn rates of $10 million in the third quarter and $5 million in the fourth quarter through a mix of R&D cost-cutting and increased sales, plus the signing