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March 16, 2004
NaPro Update
NaPro BioTherapeutics has a very promising treatment for Huntington's Disease that it is currently developing. The goal of the treatment is to significantly reduce the protein 'clumps' caused by HD. They've shown effectiveness in the lab, but this potential treatment is still years from being a commercial product.
So what is happening with NaPro?
They sold one of their product lines to raise cash for development. They currently have $50 million in the bank which, at the current burn rate (how they lose money), could buy them two years. (Here's a link to their press releases.)
For the long haul NaPro will need to either develop new revenues, find more investment, or sell more assets. If their HD product (and others) continue to show promise the money will be there.
Let's hope they succeed!
Posted by Dave at March 16, 2004 08:05 PM
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