A Biotech Bash - Recs and Wrecks Message Board

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Biotech / Medical : A Biotech Bash - Recs and Wrecks

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To: polar bear who wrote (2)	8/24/1997 4:35:00 PM
From: r. peter Dale	of 171

PB: The SEC statement of Procept appears to be consistent with many other development stage companies: from all outward appearences its horrific. But if they are able to survive these financial difficulties, some companies prosper. I did not read the entire SEC document (very long!) nor am I familiar with Procept's products. What are the unique features of their tropical microbicide? Procept's stock performance may serve as an example of the entire biotech field at the moment. The example I'm most familiar with is Univec - a company with real products and actual sales and a stock price chart only a blind mother could 'associate with' ('love' would be asking too much). There are many other such stories. So this appears to be time of little tolerence for risk in biotech and even less patience for R&D. In other words, a buying opportunity. Who could disagree? Peter

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