RA Capital Biotech Fund, LP Urges Board of Northstar Neuroscience, Inc. to Maximize Value to Shareholders by Reducing Expenses and Either Finding a Buyer or Making a Cash Distribution
7/14/2008 10:05:57 AM
BOSTON--(BUSINESS WIRE)--RA Capital Biotech Fund, LP today announced that it has sent the Board of Directors of Northstar Neuroscience, Inc. (NASDAQ: NSTR) a letter urging that, to maximize shareholder value, they reduce operating expenses immediately and either find a buyer or make a cash distribution. The text of the letter sent to the Northstar Board of Directors follows.
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