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Simon

03/17/03 6:08 PM

#88068 RE: Zeev Hed #87569

<...they do not seem to have much money left in the till and with their current burn rate, what 3 quarters?



Dr. Z, they received $15 million in Dec. and will receive $10 million next month along with FDA approval plus similar amounts when a marketing agreement in Europe is made.

Tostrex is followed by Tostrelle, the female version of Tostrex, pending FDA approval and marketing deals later this year.

25% of the shares have been swallowed up over the last few months. CLGY has some big bang potential.

http://biz.yahoo.com/prnews/030102/sfth013_1.html

Thanks for your comments.

Simon