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Its advantage is also its disadvantage here: It’s a small company waiting for a couple big decisions. It had structured itself around its two major drug trials years ago, so its burn rate and cash needs are covered through 2010, when one or both drug delivery systems will emerge from safety trials. Read More

Although the calendar says it’s still summer, when it comes to the markets the season has changed to fall. Everybody--Congress, corporations, trading-desk jockeys--is back to work, but much of the activity isn’t helping the markets. Read More