NeoRx reports 'going-concern' warning

Oncology pharmaceutical firm NeoRx said that its auditor KPMG has included a "going-concern" qualification in its audit opinion of the Seattle-based firm's 2005 financial statements.

The audit opinion is included in NeoRx's Form 10-K, which was filed last week. A proxy statement for the firm's April 11 special shareholder meeting relating to a previously announced $65 million financing has been mailed to shareholders, NeoRx said.

By AuntMinnie.com staff writers
March 9, 2006

Related Reading

NeoRx adds to coffers, March 7, 2005

NeoRx files IND for radiotherapy agent, July 6, 2004

NeoRx, MURR in holmium-166 supply deal, March 22, 2004

NeoRx makes executive moves, December 8, 2003

NeoRx closes International Isotopes deal, December 8, 2003

Copyright © 2006 AuntMinnie.com

Page 1 of 436
Next Page