Biotech Values

[rkrw]

My info was wrong on the put option by 2 years, it's June 2011. But it may be triggered sooner.

We currently have $100 million of convertible debt outstanding, which we will be required to repay, plus accrued and unpaid interest, on June 15, 2011 if our bondholders exercise their put option, as well as upon a change of control or termination of trading of our common stock on the NASDAQ stock market. As we announced in early February, the NASDAQ panel has granted us continued listing status on the NASDAQ global market. This ruling is subject to the conditions that on or more May 11, 2009 Epix must evidence compliance with the NASDAQ marketplace rules that requires a minimum shareholder equity of $10 million, or that the market value of our listed securities be $50 million or more.