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Biotech / Medical : PRCY - ANY BODY HAS ANY NEWS ON THESE
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To: Coha who wrote (319)2/3/1998 9:00:00 PM
From: Chris Nevil   of 670
 
I called Jack Clifford (PRCY CEO) to ask whether they knew the origins of today's big activity. He did not know (though he obviously seemed pleased). One small possibility was a recent cosmetic surgeons' convention in New Orleans that the Company attended at which some doctors made positive comments about the company or products from the podium.

The wound care product distribution through Bard is just getting underway so it sounds as though it won't generate significant revenues for this quarter. But the burn rate has slowed down enough that the company still probably has close to two years worth of cash, and apparently expects to generate revenues to slow that rate further.

Mr. Clifford mentioned two additional 510K's (sic?) that have been filed with the FDA for uses he did not specify. The blossoming of PRCY's technologies into additional areas is intriguing. One he mentioned was the new collagen-replacement skin care application they've joined another company (didn't get the name) to market, I believe as a cosmetic.

As for investor relations, he mentioned an insertion they recently placed in the company news area of Barron's. He also said they were taking on some kind of outside I.R. firm and planned to do "road show" presentations in seven cities if I heard correctly.

Let's hope the stock continues its rise from slumber!

Regards,

Chris
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