SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: (Date of earliest event reported) January 14, 1999
Cortech, Inc.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of Incorporation)
0-22018 84-0894091
(Commission File Number) (IRS Employer Identification Number)
6850 N. Broadway, Suite G, Denver, Colorado 80221
(Address of Principal Executive Offices) (Zip Code)
303-650-1200
(Registrant's Telephone Number, including area code)
Not Applicable
(Former name or former addresses, if changed since last report)
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Item 4. Changes in Registrants's Certifying Accounts
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On January 14, 1999, Arthur Andersen LLP resigned as independent auditors
of the financial statements of Cortech, Inc. (the "Company") as of and for the
year ended December 31, 1998. On January 14, 1999 the Board of Directors of the
Company retained PricewaterhouseCoopers LLP ("PWC"), Certified Public
Accountants, as its certifying accountant for the fiscal year ended December 31,
1998.
No report on the financial statements of the Company issued by Arthur
Andersen during the last two fiscal years contained an adverse opinion or
disclaimer of opinion, or was qualified or modified as to uncertainty, audit
scope or accounting principles, nor were there any disagreements during the last
two fiscal years and through January 14, 1999, between Arthur Andersen and the
Company concerning any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which disagreements if not
resolved would have required Arthur Andersen to make reference to the subject
matter thereof in connection with its report. During the last two fiscal years
and through January 14, 1999, none of the events listed in items (1) through (3)
of Item 304(b) of Regulation S-K have occurred; and during such period the
Company has not consulted with PWC concerning any matter referred to under
paragraphs (i) or (ii) of Item 304(a)(2) of Regulation S-K.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
- - ---------------------------------------------------------------------------
(c) Exhibits
16.1 Letter of Arthur Andersen LLP, dated January 15, 1999 pursuant to Item
304(a)(3) of Regulation S-K.
<PAGE>
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
CORTECH, INC.
By: /s/ John W. Galuchie, Jr.
--------------------------
Name: John W. Galuchie, Jr.
Title: President
Dated: January 15, 1999
ARTHUR
ANDERSEN
________________________
Arthur Andersen LLP
________________________
Suite 3100
1255 17th Street
Denver, CO 80202-5531
303 295 1900
January 15, 1999
Securities and Exchange Commission
Washington, DC 20549
We have read Item 4 included in the attached Form 8-K dated January 15, 1999
of Cortech, Inc., filed with the Securities and Exchange Commission and are in
agreement with the statements contained herein.
Very truly yours,
ARTHUR ANDERSEN LLP
By: /s/ Gerald J. Laber
-------------------
Name: Gerald J. Laber
