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ELN » Topics » Our failure to consummate a strategic transaction on favourable terms may adversely impact our value and prospects.This excerpt taken from the ELN 6-K filed Mar 30, 2009. Our
failure to consummate a strategic transaction on favourable
terms may adversely impact our value and
prospects.
On 13 January 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 commercialisation 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
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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 favourable to us.
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