Biopure Exploring Strategic Options
--Earnings for year ended October 31, 2008, contained in Annual Report filed on February 13, 2009, with Going Concern Modification
Last update: 2:59 p.m. EST Feb. 17, 2009
CAMBRIDGE, Mass., Feb 17, 2009 /PRNewswire-FirstCall via COMTEX/ -- Biopure Corporation (BPUR) announced today that it is exploring strategic options for financing or alternative transactions. The company has engaged Newbury Piret & Co. to advise on options, including evaluation of nonbinding proposals that have been received. There should be no assumption that this process will result in any transaction or any particular type of transaction.
On February 13, 2009, the company filed with the SEC its Annual Report on Form 10-K, which contains the company's financial statements for the two years ended October 31, 2008. The company does not intend to issue a separate earnings release. The report of the company's independent registered public accounting firm contained in this filing is modified with respect to the company's ability to continue as a going concern.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment