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FEB 08, 2013 - Yahoo! News

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Tranzyme to explore strategic options

(Reuters) - Drugmaker Tranzyme Inc said it will explore strategic options, including a sale, less than two months after it stopped the second mid-stage trial of its drug for stomach paralysis. The company retained Stifel as its financial adviser for the strategic review process, and said it has not made a decision to pursue any specific transaction. Tranzyme went public in April 2011 at $4 per share and has a market value of $15 million. It has two other products in early testing. Tranzyme shares closed at 56 cents on Thursday on the Nasdaq. ...

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