BELLUS Health reports results for first half of f...(ng through borrowings share issuances re...),Health

Date:8/11/2009

ng through borrowings, share issuances, receiving funds through collaborative research contracts, distribution agreements or product licensing agreements, and ultimately, from obtaining regulatory approval in various jurisdictions to market and sell its product candidates and ultimately achieving future profitable operations. The outcome of these matters is dependent on a number of factors outside of the Company's control. These factors raise significant doubt about the Company's ability to continue as a going concern. Management continues to actively pursue additional financing. The Company is currently involved in ongoing discussions with several parties to secure partnership agreement, collaboration agreement, licensing agreement and/or sale with respect to its businesses, product or product candidates. While the discussions could lead to the signing of binding agreements in the coming weeks or months, there can be no assurance whatsoever that any such transaction will be put in place in the near future or at all As a result, there is material uncertainty as to whether the Company will have the ability to continue as a going concern and thereby realize its assets and discharge its liabilities in the normal course of business.

The consolidated financial statements have been prepared on a going concern basis, which assumes the Company will continue its operations in the foreseeable future and will be able to realize its assets and discharge its liabilities and commitments in the ordinary course of business. These financial statements do not include any adjustments to the carrying value and classification of assets and liabilities and reported revenues and expenses that may be necessary should the Company not be successful in its efforts to obtain additional financing, to receive significant funds on signing collaborative research and development contracts, distribution agreements or by out licensing its products or making significant product sales. Such adj
'/>"/>

SOURCE BELLUS HEALTH INC. Copyright©2009 PR Newswire. All rights reserved

0 GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
Related medicine news :

1. BELLUS Health Inc. Announces $12 Million Rights Offering To Common Shareholders
2. BELLUS Health reports results for first quarter of fiscal 2009
3. BELLUS announces Chief Financial Officer to depart effective May 22, 2009
4. BELLUS Health inc. announces completion of first tranche of financing
5. BELLUS Health reports results for the fourth quarter of 2008
6. Crystal Research Associates, LLC Issues Executive Informational Overview(R) (EIO(R)) on BELLUS Health Inc.
7. BELLUS Health announces formal notice to voluntarily delist from NASDAQ
8. BELLUS Health is Preparing to Voluntarily Delist from the NASDAQ Capital Market
9. BELLUS Health Announces Stock Listing Transfer from NASDAQ Global Market to NASDAQ Capital Market
10. BELLUS Health Reports Results for Third Quarter of Fiscal 2008 and on EMEA Update
11. BELLUS Health to present at the Rodman and Renshaw 10th Annual Healthcare Conference