CytRx CEO Says Firm s RNAi Program is Buried, But Vows to Mine it for Value; Offers No Details | GenomeWeb

CytRx this week continued its migration away from the RNAi therapeutics space when President and CEO Steven Kriegsman said that the company's RNAi program is "buried" and has "no intrinsic value."

Kriegsman, speaking during his company's presentation at the Biotechnology Industry Organization CEO and Investor conference held in New York this week, also reaffirmed CytRx's plans to spin out the RNAi operations as a way to boost shareholder value — a challenge considering the company's balance sheet.

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