CABG Medical, Inc.

Holly Graft System maker will cease operations and review strategic alternatives

Published in Health Business Week, March 10th, 2006

CABG Medical, Inc., (CABG) will substantially reduce the scope of operations, including eliminating research and development efforts involving the Holly Graft System, in anticipation of a possible dissolution of the company and concurrently initiate a formal process to evaluate strategic alternatives.

The company plans to terminate seven of its eleven full-time employees and announced that it has engaged Goldsmith, Agio, Helms, an investment bank, to assist the company's board of directors in identifying and evaluating potential strategic alternatives. If the company is unable to complete an acceptable transaction, the company intends to distribute its assets, including...

Want to see the full article?

Purchase this article for only $3.00

We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.

Welcome to NewsRx!

Learn more about a six-week, no-risk free trial of Health Business Week

Source: Health Business Week (2006-03-10)

NewsRx is Social

Top Medical Newsletters

Awards

Best Health/Healthcare Content, 2012
Best Health/Healthcare Content, 2011
Best e-Business Site, 2010
Best e-Business Site, 2009
Best e-Business Site, 2008
Best e-Business Site, 2007
Best e-Business Site, 2006
Best Healthcare Content, 2005
Best Overall Internet Site, 2005
Best Interactive Site, 2005

Facts & Stats

NewsRx also is available at LexisNexis, Gale, ProQuest, Factiva, Dialog, Thomson Reuters, NewsEdge, and Dow Jones.

Google 2010 PageRank: #2 Among Top Health News and Media Publications
Google 2010 PageRank: #2 Among Top Science Publications in Biology/Physiology
Google 2010 PageRank: #2 Among Top News and Media for the Business of Pharmaceuticals
Amazon's Alexa 2010 PageRank: #2 News and Media Site for the Pharmaceutical Industry