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Photogen to Focus on Cardiovascular Imaging

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NEW HOPE, Pa., Aug. 13 -- Photogen Technologies Inc. announced it will use $16.25 million in new equity capital to implement its restructuring plan, which will focus the company's resources on cardiovascular imaging and lymphography. Photogen has agreed to split off its photodynamic therapy and laser device business to five founding shareholders in exchange for all their common stock, which represents 52.9 percent of the company's outstanding shares. Photogen will focus its resources on developing PH-50, a cardiovascular imaging agent designed to improve images of the heart and vasculature...Read full article

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    Published: August 2002
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