SMTG contemplates a respite

By BC Staff | Nov 22, 1993 | 8:00 AM GMT
SMTG contemplates a respite

When Somatogen Inc. proposed its $40 million offering in August, BioCentury estimated the company would need an additional $170 million for operations and facilities through 1997 and product launch of its rHb1.1 recombinant blood substitute.

Since then, according to CFO Timothy Hoogheem, the company has cut its burn rate

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