Cytogen gets going-concern qualification

AuntMinnie.com staff writers

Mar 19, 2008

Biopharmaceutical firm Cytogen's 2007 financial statements included in the company's annual report included a "going-concern" qualification regarding the firm's long-term viability, the firm reported.

The audit opinion of KPMG contained the qualification, Princeton, NJ-based Cytogen said. Rules covering listings on the Nasdaq stock exchange, where Cytogen is listed, require companies to publicly announce an audit opinion of going concern.

Related Reading

Cytogen's revenues, net loss up in 2007, March 14, 2008

EUSA Pharma to acquire Cytogen, March 11, 2008

Cytogen taps new chief executive, November 12, 2007

Cytogen receives Nasdaq notice, November 6, 2007

Cytogen to raise $10 million, July 2, 2007

Copyright © 2008 AuntMinnie.com

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