Nucryst Pharmaceuticals Corp. (NCST)

[Sultan]

I was concerned about cash on hand at NCST after the parent had reported exposure to mortgage securities so I sent IR an email.. Here is the reply..

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"Thank you for your e-mail. At June 30, 2007, NUCRYST had $20.2 million in cash and short term investments. NUCRYST’s cash and short term investments are not impacted by the current asset-backed commercial paper issue."
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So that is a relief.. Now we need news re. commercialization of last FDA approval etc..