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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts

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To: Wayne Rumball who wrote (2466)5/13/1998 11:23:00 AM
From: Joe Copia  Read Replies (2) of 25711
 
VXCL news.

To: Joe Copia (0 )
From: Peter C. Overhoff
Wednesday, May 13 1998 10:58AM ET
Reply # of 15

Interesting news on VXCL! Read the comments!
Wednesday May 13, 9:57 am Eastern Time Company Press Release SOURCE:
Vaxcel, Inc.

Vaxcel Announces Second Quarter Results

ATLANTA, May 13 /PRNewswire/ -- Vaxcel, Inc. (OTC Bulletin Board: VXCL -
news) today announced a net loss of $506,048 ($0.05 per share) for the first quarter of 1998 compared to a net loss of $342,973 ($0.04 per share) for the same period last year.

''In March we acquired the exclusive rights to the Beta-Human Chorionic Gonadotropin (BhCG) proteins for the use in the treatment and/or prevention of cancer,'' reported Paul J. Wilson, President and CEO of Vaxcel. ''We are still pursuing licensing and other opportunities for our injectable, oral, and mucosal technologies.''

Additionally, the Vaxcel board of directors has retained the investment banking firm of Interstate/Johnson Lane Corporation to introduce Vaxcel and its technologies to the trade with the purpose of concluding a strategic transaction for the benefit of the Vaxcel shareholders. [emphasis added]
biz.yahoo.com


Joe PTG&LI !!!
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