Due to the following conditions at December 31, 2010, we decided to impair the remaining balance of our CIT asset:
· Lack of any potential future revenue; · Lack of future cash flows; · High cost of future clinical studies; and · Limited time remaining on the patent.
Regarding GCDx: Your information is outdated, from mid 2012. That license agreement was never paid for and was therefore terminated. I suggest you read this SEC filing:
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