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

BIB 77.91

+1.5%

Nov 18 4:00 PM EST

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To: Jibacoa who wrote (1678)	12/21/2006 10:31:31 AM
From: Jibacoa	Read Replies (1) of 3722

PRCS Is having a good UG today with volume now over 1,421,280 after GSK announced it was planning to acquire it for $5 <g> bigcharts.marketwatch.com On today's Palm Beach Post there is an article by Stephen Pounds pointing out the need of large drug companies which are flush with cash, to look for acquiring some of the smaller biotechs with promising research programs but lacking cash resources.<g> PRCS had a deal with GILD in March to identify drug candidates for antiviral agents.<g> GILD has had 4 consecutive Qs of double digit improvement on revenues & EE for 2006 are around $2.40/shr vs, the $1.66 in 2005 Further improvements are expected in 2007. GILD closed its Oct.2 DG & found resistance at the $70 level.It is now trying toget off from its nearterm downtrend coming from its Nov 20 H at $70 after having found apparent support at the 63.20 level.<g> bigcharts.marketwatch.com Bernard

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