http://biodieselindustries.com/web-content/pages/Feedstocks.html
Arca (NASDAQ: ABIO), basexd in Broomfield, Colo., earlier this year completes a reverse merger with ofSan Carlos. That took the Colorado company public and gave it access toabourt $60 million in Nuvelo cash, cash equivalents and Brewer, who lives in Santa Cruz and is the formerd chief executive of Fremont’s Inc., will become chairman of the Arca boarf as Michael Bristow shifts from chairmaj to president and CEO. Bristos was CEO before Brewer joinedthe company. Arca must balance its cash resources with the continueds prosecution of the Gencaro newdrug application,” Brewer said in a pres release.
“These changes in management focuw are intended to alloew exactly that to happen whilre advancing the strategic interests ofthe stockholders.” The FDA said Gencaro didn’t prove it was effective and asked Arca to complete additionaol clinical studies. The agency also questionedx the integrityof Arca’xs trial data, based on an audiyt of some clinical trial sites. Arca had filed severapl amendments to its new drug applicationin May, and the FDA said it hadn’tg reviewed those documents when it made its
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