Procept (PRCT): 50% rise on high volume. Why? Message Board

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Biotech / Medical : Procept (PRCT): 50% rise on high volume. Why?

PRCT 31.91

+1.9%

Nov 7 9:30 AM EST

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To: Trumptown who wrote (186)	7/13/1997 12:24:00 PM
From: Douglas	of 455

I FOUND ANOTHER COMPANY THAT PARAMOUNT HAS BOUGHT A LARGE NUMBER OF SHARES THIS YEAR. THE COMPANY IS REPLIGEN CORPORATION (RGEN). FROM MARCH TO APRIL OF 1997, PARAMOUNT HAS BOUGHT 1,408,100 SHARES FOR ARIES TRUST AND 664,600 SHARES FOR ARIES DOMESTIC FUND. THE PURCHASE PRICE RANGED FROM $1.13 TO $1.50. REPLIGEN CORP. IS A BIOPHARMACEUTICAL COMPANY THAT RESEARCHES, DEVELOPS, AND MANUFACTURES THERAPEUTIC PRODUCTS FOR HUMAN HEALTH CARE. THEY CURRENTLY HAVE 16.008 MILLION SHARES OUTSTANDING. WHAT IS INTERESTING IS THAT ON AUGUST 1, 1996 THE COMPANY'S SHARE PRICE WAS 50 CENTS. RGEN IS NOW TRADING ABOUT $1.00. DURING FY 96, REPLIGEN COMPLETED A MAJOR DOWNSIZING AND CONSOLIDATION OF ITS OPERATION, WHICH INCLUDED SUBSTANTIAL WORKFORCE REDUCTIONS, TERMINATION OF SEVERAL RESEARCH PROGRAMS AND THE CLOSING OF A RESEARCH AND MANUFACTURING FACILITY. SOUNDS LIKE PROCEPT. I WONDER IF A PRIVATE PLACEMENT AT RGEN IS IN THE WORKS?

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