To: David Israel-Rosen who wrote (774 ) 5/7/1998 4:43:00 PM From: Ariella Read Replies (1) | Respond to of 1491
Today's PARS release did some fine things -- it presented the product pipeline in the proper order of interest to investors -- drugs rolling out to the public next month (Alrex and Lotemax), followed by most advanced clinical trial drug (HU-211), and then most important pre-clinical trial drug (Tamoxifen analog). Critical investment news about the low mortality rates on HU-211 was presented to the investment public for possibly the first time. If memory serves me right, the mortality figures are not even disclosed in recent SEC documents. Yes, the release has that clipped, compressed style of Hebrew speech (that "we-have-our-heads-above-the-foxhole-and-someone -is- shooting-at-us-so-we-better-talk-quick" quality), but as a sizeable block shareholder, I am pleased. Our story is being amplified in GLOBES and Ha'Aretz, so the PR buck goes farther than it seems. Also, in a way I'm glad this comes a bit slowly. PARS management needs to get its "sea legs" for the coming blast of interest in HU-211 when it gets a big pharmaceutical partner. In the meantime I don't want their attention monopolized by callers asking questions about early stage drugs. Going from an early-stage company to a small cap (hopefully bigger cap!) is like blasting off in a rocket and it's better if they're prepared so we can actually make it into orbit. On the question of additional funds required -- It would be very worthwhile for PARS to talk to some venture capital funds that specialize in early stage biotech companies. Not only will they be long-term players in the stock (unlike our current big pockets who are, let's face it, on the cut-throat side), but they will have excellent connections to the rest of the financial world. Word gets out by more than press releases on Wall Street! Nothing beats word-of-mouth from excellent sources with good track records. Here are two examples, the first a wing of the Rockefeller Family: www.venrock.com www.paramountcapital.com If we're at too advanced a stage for these folks, the visits can still be fruitful. PARS management can get several benefits from talking to these types of companies besides the potential for investment. It's practice for talking to stock market analysts later on, it's practice getting the right "spin" on the PHARMOS story, it gets word out about the company even before any deals are struck, it puts PARS on the map.