RespireRx Pharmaceuticals Inc (RSPI)

[gfp927z]

Wow, this is big news. I remember Dr. Manuso somewhat from his days at SuperGen when they partnered with a company I followed (MGI Pharma) for Dacogen, which was subsequently approved for cancer. I see SuperGen got approx $85 mil plus 20-30% royalties on sales, so that deal worked out all around. Later SuperGen acquired UK based Astex and then the whole shebang was acquired by Otsuka of Japan.

As Neuro pointed out, Dr. Manuso is ponying up $250 K of his own money for Cortex stock/securites, so he must have some fairly concrete plans going forward. Perhaps some type of merger with a cash rich entity with no pipeline, or some other arrangement(?) In any event, this definitely looks like a step forward.