Drkoop.com, Inc. fell 2 9/16 to 3 11/16 Friday, following reports that the health-care information service company’s auditors expressed doubt about its ability to continue operations.
The auditors, PricewaterhouseCoopers LP, said the company’s continued losses and negative cash flow from operations raise “substantial doubt about its ability to continue as a going concern.”
The company, founded by former U.S. Surgeon General C. Everett Koop, is the latest in a string of Web ventures to include the so-called “going-concern” clause in its financial filings with the Securities and Exchange Commission.
CDNow, the formerly high-flying music e-tailer, last week disclosed a similar situation.