THIS SHARE WILL BE WORTH 3.00 IN 2009

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

Hi Transco,

Fully agree. With the market as is latterly, most shares are on the yo yo merry go round. (can you have such a thing?)

indeed you can greek, i would go so far as to say it's a yo yo merry go round rollercoaster! and either we're going to throw up or really enjoy the ride. you need a strong stomach for this one . i believe whitestar (15/2/06) has probably got it right. regards parthus

Anyone any idea why the big drop today of 4p (7.27%).
Been out all day but can't find any reason.
Aware that the SP has been like a yo yo almost daily over last few months but a 4p drop still appears strange.