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Biotech / Medical : Procept (PRCT): 50% rise on high volume. Why?
PRCT 30.75-1.8%Nov 12 3:59 PM EST

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To: Douglas who wrote (81)4/7/1997 7:58:00 PM
From: Gerald Thomas   of 455
 
Just that they have the program and have an option to buy it...

On a scale of 1-10 I'd put my interest at about a 1.5 on that.
If pro-2000 misses that's pretty much it from my perspective...

I understand that in biotech you're constant'ly on a make or brake
scedule with all efforts devoted to the project but what they have done may or may not have a reasonable acceptable reason attached to it,but I sure would like to hear it...

I could make the case that they got deep into the systemic trial and
found that there results may not be able to be distinguished from
other companies with protease inhibitors and with cash problems etc.
MAYBE they believe that the topical is a sinch to be funded all the way through and the fact that they can promote this from a different angle PREVENTING infection...But that's a lot of guessing and in the
mean time investors are probably asking WHAT HAPPENED??
to the systemic trial and the possibilities of effectiveness to outsiders is
all over the map from: PRO-2000 doesn't work to: They are continuing because they now know the active ingredient works...

It would seem anyone interested in funding (NIH) would probably ask
Procept what happened with the systemic trial before they sunk in money to that project...

They need to keep a tiny percent of their attention to their Market Cap which is shrinking........
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