Rochester, NY 8/19/2009 3:52:01 AM
Repros Therapeutics Inc. RPRX - Repros probably could face bankruptcy
Repros Therapeutics Inc. RPRX
Repros Therapeutics Inc. said last Monday that its cash on hand running out and shareholders in an uproar unless new financing is secured, the company could face bankruptcy.
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“The company does not have sufficient funds at this time to comply with all of our financial obligations under the agreements with the clinical research organizations unless acceptable work-out arrangements are completed,” the company said.
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