Epix says that he may for the protection of bankruptcy

EPIX said it began an offer to the holders of 100 million U.S. Dollar banknotes leading convertible bonds due in 2024, are able to trade in their notes. $ 1000 each in the trade for 180 $ in cash and 339 shares EPIX. People who trade in their notes entitled to additional payments if the company buys more notes, the future.Epix lost 65 percent of their value in 2009 and after the announcement on Tuesday, they went from 10 cents or 22 per cent to about 36 cents.

EPIX debts.Last biopharmaceutical company's restructuring if not months and can be Tuesday, but you may need to apply for bankruptcy protection, the company's independent auditors concerns EPIX's ability to maintain expressed about the business. A few months ago, said the company cut its work force, and to pay off the debt of some combination of cash and stock strategy.The half of research and development company, and narrow for dollar 28000000 has sold the rights to market the drug angiography.