JMP Securities Downgrades Carbylan Therapeutics (CBYL) to Market Perform
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Carbylan Therapeutics Announces Decision to Pursue Strategic Transaction
April 15, 2016 7:30 AM EDTPALO ALTO, Calif., April 15, 2016 (GLOBE NEWSWIRE) -- Carbylan Therapeutics (NASDAQ: CBYL), a specialty pharmaceutical company, announced today that it has suspended further clinical development of Hydros-TA and that it is actively pursuing a strategic transaction, including a merger or acquisition of the company. As previously announced, Carbylan has engaged Wedbush PacGrow to act as its strategic financial advisor for this process.
In conjunction with the plan to pursue a strategic transaction, Carbylan also announced an immediate reduction in its workforce of... More
