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Biotech / Medical : Procept (PRCT): 50% rise on high volume. Why?
PRCT 31.32+1.3%Nov 11 3:59 PM EST

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To: T. Mann who wrote (123)4/18/1997 11:47:00 AM
From: Gerald Thomas   of 455
 
The only quibble I would have is that they did do animal studdies on rabbits and that is a fact ...
As to the other stuff the cash crunch is not news and is in my oppinion one reason they suspended the systemic trial...
I believe there is a possibility that they feel they can get financing with the topical trial and is such stated in their last 10k that they are in discussions with NIH and the British Medical organization that is listed...
I think the stock price is related to limited info. put out by company combined with suspending and changing trials...
The cash info has been known by the investment comunity since late last year......
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