Cypros Pharmaceutical extends special exercise period of Class A warrants.CARLSBAD Carlsbad, cities, United States Carlsbad (kärlz`băd). 1 City (1990 pop. 63,126), San Diego co., S Calif., on the Pacific coast; settled in the 1880s, inc. 1952. , Calif.--(BUSINESS WIRE)--Jan. 6, 1995--Cypros Pharmaceutical Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CYPR) Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant said that it has extended the special exercise period of its Class A warrants for 31 days. In commenting on the announcement, David W. Nassif, chief financial officer of Cypros, stated: ``We have received a very positive response to the special exercise program. Since its commencement in November November: see month. , almost 60 percent of the warrants have been exercised and the company has raised almost $5 million of new capital. ``Given our spending efficiencies, this amount of new capital substantially strengthens our ability to test CPC-111 and CPC-211 in the clinic in a number of patented indications.'' The special exercise period was scheduled to end at the close of business on Jan. 9, 1995, and will now end at the close of business on Feb. 8, 1995. None of the other terms of the special program announced originally by the company on Nov. 8, 1994, were changed. CONTACT: Cypros Pharmaceutical Corp., Carlsbad David W. Nassif, 619/929-9500 |
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