Biotech Values

[DewDiligence]

ARTE likely to be the next bankruptcy. As
I’ve been saying on this board for the past
few years, there is simply no demand for
the company’s product, ArteFill. It is
also unsafe (#msg-17295648).

http://sec.gov/Archives/edgar/data/1351197/000095013408021025/a50619e8vk.htm

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After exploring available financing opportunities and potential strategic alternatives to raise funds necessary to support its operations, the Company has concluded that it is no longer able to continue business operations in the ordinary course… the Company has not been able to negotiate a resolution with the its existing lender, Cowen Healthcare Royalty Partners, L.P., that would address the Company's anticipated future liquidity issues either through a forbearance or bridge loan. To the extent that the Company is not able to access liquidity in the immediate future it is expected that the Company will need to explore orderly liquidation through a formal bankruptcy process.
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