Purinex, Inc., a pharmaceutical company with several clinically and commercially promising drugs in development. The problem facing by CFO Gilad Hapaz is expects to secure a partnership with a major pharmaceutical company sometime in the next 4 to 12 months, would enable Purinex to develop one of its leading compounds into a drug. The company is insolvency because the company has no sales or earnings, and there is only 11 months' worth of cash on hand. The expenses is more than income, they need a high R&D costs to develop an antagonists program for the treatment of diabetes and sepsis. Purinex, Inc is young and growth company seeking capital to expand through partnership with large pharmaceutical company or venture capitalists. Purinex had a done a development process for preclinical stage antagonists program for the treatment of diabetes, sepsis that had completed a phase 1 clinical trial. Two of which had an appropriate partnership deal with larger pharmaceutical company. Harpaz thought it unlikely that Purinex would form partnership deal for both sepsis and diabetes. Harpaz be......

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