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Biotech / Medical : Biotech & Pharma.T.A,

BIB 76.73

+1.7%

Nov 17 4:00 PM EST

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To: Jibacoa who wrote (1453)	5/5/2006 3:53:14 PM
From: Jibacoa	Read Replies (2) of 3722

PRCS Is having an spike today. bigcharts.marketwatch.com It is trying to get off from its nearterm downtrend coming from the March 5 H at 6.44 bigcharts.marketwatch.com It reported that the loss for the 1stQ was approximately $0.67/shr vs.$1.18/shr in 2005. The cut on the loss was due primarily to lower expenses as the revenues were 81% lower.<g> The cash at the end of the Q was down by $10M from the cash position at the start of the Q. The CEO said that theye are focusing their efforts on advancing the PPI-2458 which is on a PI trial in patients with non-Hodgkin's lymphoma and solid tumors. In March they made a deal with GILD to identify candidates for an antiviral target. The stock is selling around 0.9xBV The EL for 2006 is around $1.40/shr vs. the $2.90/shr loss in 2005. PRCS' LTC remains "interesting".<g> bigcharts.marketwatch.com Bernard

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