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Biotech / Medical : Cardiome -- CRME
CRME 2.330-2.1%May 16 5:00 PM EST

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From: Ian@SI4/9/2009 4:03:11 PM
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BNN just interviewed Bob Rieder(Right name???), CRME's CEO.

Good interview. One thing that I didn't get from the PR is a $100M line of credit (or guarantee thereof) given CRME by MRK.

In the preamble to the interview, hosts were talking about analysts and deal value. Price targets have been upped to the $10-$12 range; deal valued at up to $750M.

With this deal, Rieder is confident that CRME will become profitable before further financing might be required.

I didn't listen to this morning's call and probably won't unless I get bored on the long weekend. ;-)

Ian

Replay of the interview will probably be on the website sometime later today. Program is called THE Close; and interview was about 20 minutes into the start of it lasting for about 3-4 minutes. at bnn.ca
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