Replies to post #1124 on SurModics Inc (SRDX)

[DewDiligence]

>Dew, what do you think is behind the financing of the $5M convertible note?<

The unusual financing terms with PFE (i.e. the refundable investment held in escrow) appear to be moot now that PSDV has raised additional capital:

http://biz.yahoo.com/bw/070404/20070404005716.html?.v=1