THIS SHARE WILL BE WORTH 3.00 IN 2009

Nice little BUY recommendation from The Independent. Nothing that we don't know from yesterday but the more interest the better.

Protherics, one of the UK's most established biopharmaceutical companies, is gearing up for a big 2008. It is second-nature for life sciences companies to point to jam tomorrow, but with six products entering phase II trials over the next six months, Protherics is able to boast that it has a larger development pipeline than any other UK biotech.

Yesterday's interim results illustrate why Protherics is well-regarded. The company's underlying revenue growth was an impressive 41 per cent at constant currency rates, while its pre-tax loss of 6m was much better than had been expected.

Perhaps more significantly, Protherics reported a cash pile of 47m, giving it the firepower to continue to develop a number of potential blockbuster drugs under its wing.

Be nice to see if there is further institutional interest over next 6 to 12 months.

Biotech recruiter Accord Scientific has partnered with international biopharmaceutical company Protherics Inc. to build Protherics' clinical regulatory and senior staff.

Accord was selected to support Protherics after Protherics' acquisition of Utah-based MacroMed Inc., a private drug development and manufacturing company and two in-licensing agreements the company has signed with Glenveigh Pharmaceuticals and Advancell of Barcelona. The three transactions have roughly doubled the size of Protherics' U.S. Operations.

Proves PTI's are treating the USA projects very seriously.

How much of the recent weakness is due to Market-fear and folks wanting their Cash back? ( i.e. At any reasonable price).

So do we expect further weakness to sub 50-pence?

40p anyone?

Frankly, I can't see 3.00 anytime, not 2009.= soon . . . . . Not until we see some returns and can price the risk/reward, don't you know?

Sp up 4.13% on average volume. Will be interesting to see if there are any institutional buys that come in on Wednesday.

I foresee a good year for Protherics due to their cash position (even more important in the present credit situation) and their drug portfolio.

Happy New Year all.

PTI has a market cap close to 200m as an ex shareholder I would like to believe that 2008 will prove to be the year they achieve something tangible but I have my doubts thats why Iam out.

Sp up 16.27% @ 8.5p. Last time there was a distinct move up I was looking for a reason, can't really find one unless there is a big buyer out there due to the latest RNS. The problem is with the markets as they have been last 4 months, it's up and down like the proverbial yo yo. But with todays increase surely somethings in the wind.

Probably this rise was this a knock on effect of:

Meldex International confirms potential offer approach received
AFX


LONDON (Thomson Financial) - Meldex International PLC said it has received an approach which may or may not lead to an offer for the company.

A further announcement will be made in due course, the specialty pharma and healthcare company added.

Hi Tau Ceti,

Could be but seems a good hike on price just because of the Meldex news.

Cheers Greek.

It's a big rise for the last half hour of trading. Can't think it could be just a 'Meldex effect' as some other pharmacos might have been similarly affected. I wonder if there could be some announcement first thing tomorrow? Will certainly keep a close eye on this but, as Greekman says: beware of the yoyo effect with this one!

Im long long suffering shareholder - is this the time for payback?! - I H O P E SO!!!!!!1

Hi Greek,
The Meldex news came out at 3:30 and Protherics started its rise shortly afterwards so that's why I thought they were connected.
TC.

I agree the timing is strange re the uptick. Funny thing is the pharma/bio sector was one of the biggest loosing sectors yesterday. Curiouser and curiouser.

Some day traders must be making/loosing a mint on this. All down to timing. Can't read this share or the market at all of late.

No news appeared so I'm continuing to steer clear of this - too unpredictable

Must agree. Anyone buying/selling at the moment is taking a big chance.
I'm treating this as a hold.

Always nice to see step progress in any trial.
'First patient being treated in its expanded phase 2 programme of CytoFabTM in severe sepsis'. Hopefully for both patents and investors alike, in 12 months the results will be successful.

So another step in progress in a different trial (2 within 3 days) and the sp drops.
Could it be the fact that early 2010 has been mentioned for results of said trial has put people off. Can't understand why some people buy into the likes of Protherics if they don't understand drug time scales. It cant even be profit takers as there are more recorded buys than sells.
Me, I will just sit tight and hopefully have the last laugh.

Nice write up re the cancer trial in Pharmalife.http://www.medadnews.com/News/Index.cfm?articleid=508527

A very good update, especially with the dollar earnings being hit by the drop in that currency. Looking forward to the next set of results, expecting something really sp positive (news).

Yes but I expect selling today yet again - we never get any momentum going in this market. Hold on though something will inginte eventually!1