BioCentury on BioBusiness,
Focusing cash on getting to market
Monday, August 9, 1999
With public equity investors unwilling to put money into early-stage
biotech companies, the pressure to compile a stable of marketed and late-stage
products can lead to business combinations that aren't driven by technology.
RiboGene Inc. and Cypros Pharmaceutical Corp. hope that through
their merger plan announced last week, the combination of RBO's cash - $26 million
as of June 30 - with CYP's marketed products, plus a merged pipeline and new-found
ability to ramp-up sales will catch the attention of investors (see B3).
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