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Biotech / Medical : PRCS
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To: tuck who wrote (35)6/14/2001 10:42:16 AM
From: Mark Bong  Read Replies (1) of 78
 
"Clarification" from the company. Not what the Street wanted to hear, so I bought back the calls I wrote on the dead cat bounce. Hoping it can bounce twice.

Tuck, I am not sure that this answers the questions of why the application was not approved. The company is in control of this information, and they have not seen that it is in their interests to disclose it. The data on plenaxis was very good regarding efficacy, and safety seemed ok, although disclosure was less open. It appears as though there may be a safety issue that has concerned the FDA. Stay tuned. This stock could still move quickly either up or down based upon further information. Mark
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