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Biotech / Medical : Progen Industries Ltd (PGLAF)
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To: Henrik who wrote (314)6/27/2005 10:27:46 PM
From: Henrik   of 349
 
Engages Burrill to advance PI-88 partnering discussions.

Good to see the outsourcing of the deal making to a professional industry group, who appear to have contacts where it counts.

Progen shareholders and watchers should study today's announcement. Available here:

www.asx.com.au/asx/statistics/announcementSearch.do?method=searchByCode&i ssuerCode=pgl&timeFrameSearchType=D&releasedDuringCode=W&x=36&y=5

For Progen this is positive news as the next step in the development of the company.

After a couple of hours of trading PGL up 6.8% on ASX.

About Burrill:
In 1994, G. Steven Burrill founded Burrill & Company as a logical extension of his 35+ year involvement in the growth and prosperity of the biotechnology industry. Mr. Burrill has been an active advisor and catalyst in some of the industry's most notable companies and transactions. Mr. Burrill's close involvement and respected position within the industry has positioned the firm as a prominent deal-maker and facilitator of industry partnerships and alliances, all of which fosters a robust deal flow. Further contributing to this deal flow are: the scientific and business networks of its investment team; the Advisory Boards; the strategic and financial network of its limited partners; and the close relationships developed with numerous life science companies and management as a result of Burrill's visibility, reputation, and the firm's partnering and alliance work.

Having created a strong organization of respected professionals from the life science industry worldwide, Burrill & Company stands in the mainstream of life science deal flow and its visibility in the industry is unrivaled.

www.burrillandco.com/indexflash.php
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