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Biotech / Medical : CNSI Cambridge Neuroscience

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To: Mike McFarland who wrote (662)5/20/2002 9:26:43 AM
From: nigel bates  Read Replies (1) of 675
 
CeNeS Comments on Press Speculation Regarding the Future of Company

Cambridge, UK, 20th May 2002 - CeNeS Pharmaceuticals plc (London: CEN.L - news) (LSE: CEN) today noted press speculation regarding the future of the Company and noted that it was considering a number of options. These options include the possible merger or sale of the Company.
Neil Clark, Chief Operating Officer and Financial Director commented;
"CeNeS has received no formal approaches. Under our restructuring plan we are reviewing several alternative strategies going forward. The Board is committed to delivering value for shareholders and a secure future for our employees".
20th May 2002
Further information
Neil Clark
CeNeS Pharmaceuticals plc
01223 266 466...
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