Friday, March 18, 2011

Nile Therapeutics navigates new future

Nile Therapeutics Inc. is winding a treacherous path across the drug-development landscape.
The tiny San Mateo company risks NASDAQ stock delisting and may need to undertake a reverse stock split to buoy the stock’s price. Yet Nile also is striking into new territory — attempting to create a new indication for its early-stage drug — and forging an important deal with the world’s largest medical technology company, Medtronic Inc., that could shorten its journey.

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