PLC's 'Heart Laser' Message Board

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Biotech / Medical : PLC's 'Heart Laser'

PLC 30.13

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Dec 14 4:00 PM EST

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To: Rob C. who wrote (40)	7/29/1997 10:10:00 AM
From: Steve Powers	of 47

BEFORE THE BELL - PLC slumps on FDA news NEW YORK, July 29 (Reuter) - Shares in PLC Systems Inc tumbled Tuesday on news the Food and Drug Administration (FDA) had rejected its laser system to treat chest pain, traders said. Stock in the Franklin, Mass., company were trading at 15, down from a Monday close of 25-10/16. The stock was halted all day Monday pending the FDA's report on the system's merits, and resumed trade at 0813 EDT/1213 GMT Tuesday morning. In a statement, the FDA said PLC had presented incomplete data and had little understanding of how the heart laser system worked.

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