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Biotech / Medical : Procept (PRCT): 50% rise on high volume. Why?
PRCT 30.67-2.1%1:41 PM EST

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To: Douglas who wrote (80)4/8/1997 3:00:00 AM
From: T. Mann   of 455
 
The product has a great hype potential (female empowering, etc.) but the market size is uncertain. (This could explain the delay). The real consumers are likely to be women in the third world with no money to buy the product. It has to be very cheap to make, otherwise some government or an international organization would have to pay the bill. Also, since the product is for prevention and not treatment, safety and a proof of efficacy may be difficult issues. IMO, Procept will not be able to complete the trials on its own. They will have to find a buyer for their compound, or a source of funds to develop it. GILD has $300mln cash.

T.
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