RE: Dilution H1 2008Better do you homework, now we know why your not an analyst.
Selling of Canadian HeadQuarters
Selling of Reagants business
Selling of Impavido
38 million $ in cash at year end. higher than expected due to strong Canadian $ versus US $.
- Real-Estate put for sales. At 7mln$ in financial statements
- Milestone payment from Keryx to be expected (total deal was 18mln$ for milestone payment - 6mln $ already received in the past)
Discussion with partner for Cetroreliw are ongoing on. Feedback is positive. Deal expected in 12 to 24 months. They go for a a "Benchmark deal" (milestones, royalties, reimbursement of R&D)