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ELN » Topics » Our failure to consummate a strategic transaction on favorable terms may adversely impact our value and prospects.This excerpt taken from the ELN 20-F filed Feb 26, 2009. Our
failure to consummate a strategic transaction on favorable terms
may adversely impact our value and prospects.
On January 13, 2009, we announced that our board of
directors had engaged an investment bank to conduct, in
conjunction with executive management and other external
advisors, a review of our strategic alternatives. The purpose of
the engagement is to secure access to financial resources and
commercial infrastructure that would enable us to accelerate the
development and commercialization of our pipeline and product
portfolio, while enhancing the ability of our shareholders to
participate in the resulting longer term value creation. The
range of alternatives that is being assessed includes a minority
investment, strategic alliance, merger or sale. We are committed
to completing this review of potential alternatives as promptly
as practicable; however, there can be no assurances that any
particular alternative will be pursued or that any transaction
will occur, or, even if a transaction does occur, that it will
be on terms favorable to us.
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