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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: Douglas who wrote (248)9/17/1997 8:41:00 AM
From: Douglas   of 455
 
From Procept's Shareholder Letter dated 25 August 1997

August 13, 1997 - Procept initiated a drug discovery collaboration with Abbott Laboratories. Procept and Abbott have combined Procept's immunology and structure-based drug discovery capabilitities with Abbott's NMR-based compound screening tools. This program is an important new pharmaceutical alliance for Procept. Success in the initial compound discovery phase could lead to a major drug development program between the two companies.
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