Anyone have idea as to why large drop to-day in relation to relatively low volume

Hi Hangon.. I have spent time in Hospital this year.. CeNeS has proven that M6G cuts back on pain.. To me thats the best reason for its use.. The key to sales is less pain more gain

CeNeS Directors have had options granted over their share holdings:

Director: Neil Clark. Number of Ordinary Shares over which 1,000,000
Exercise price in pence: 6 pence Date of grant: 30.03.07 Period of exercise: 3 years Total number of Ordinary Shares over which options held following this
notification: 8,685,424

Director: Alan Goodman. Number of Ordinary Shares over which options granted: 1,000,000 Exercise price in pence: 6 pence Date of grant: 30.03.07
Period of exercise: 3 years Total number of Ordinary Shares over which options held following this notification: 7,654,621.

Both Neil Clark and Alan Goodman, options are subject to performance targets, related to S.P. over three years. This is just what I like to see Directors making a commitment to business forecasts.

Headline news CeNeS Licenses New Intravenous Anaesthetic to Ono in Japan. At this mornings meeting at shareclubuk.co.uk this was voted as an excellent move for the company.

CNS-7056 is a new short-acting general anaesthetic and sedative that acts on
GABAA receptors. Pre-clinical studies demonstrate that, after intravenous
administration, the compound rapidly induces deep sedation which is maintained
during continuous administration. Importantly the sedative effects rapidly
disappear after cessation of administration. The rapid offset of effect of the
compound is due to its metabolism by esterase enzymes that are widely
distributed throughout the body. Therefore it is anticipated that CNS-7056 can be clinically developed as a sedative agent for the induction and maintenance of anaesthesia and as a sedative for mechanical ventilation in the Intensive Care Unit (ICU).

COULD this be it? CeNeS founder, Alan Goodman reckons so, that we are about to see the drug company he founded a decade ago come good, following the biggest deal in its history.

The announcement was made yesterday (Monday, 06 August), and almost slipped by unnoticed due to a coyness about the numbers, but a source close to the company indicated that this latest deal, with Japanese firm, Ono Pharma, is worth 70m - four times the current value of CeNeS on the stock market.

The deal involves selling exclusive rights to Ono on CeNeS new general anaesthetic and short-term sedative, code-named CNS-7056.

Upfront cash, plus milestone payments and royalties are all part of the deal, yet CeNeS gets to keep the rest of the world.

"I have worked on this deal for a year," Dr Goodman said, "and it really is a cracking one as we haven't sold the silver, Ono has just bought the rights to Japan.

"I expect to be able to sell the rest of the world rights for three or four times the amount agreed with Ono."

CeNeS' rollercoaster history has seen the Histon-based company clinging on by its fingernails at times, with money running short at one point and it being the innocent victim of another biotech firm's collapse; but in recent years there has been little but positive newsflow as the company's pipeline of drugs, including a replacement for morphine, have steadily progressed through clinical trials. Yet, the share price has remained flat.

Asked whether he thought that CeNeS moment had, at last, come, Dr Goodman said: "I am hoping so, because I can't see what more I can do.

"If it doesn't happen in the next six months I shall retire."

But it's obvious he does not expect to be hanging up his pipettes: "I am extremely happy with this latest deal. It's all go now," he said. "Yes, it's the biggest deal in the company's history, and I have got more up my sleeve.

"Eventually, people are going to wake up to the huge value in this company."


07 August 2007

This is from the Cambridge evening news. Make of it what you will.

As that news article states, if of course correct, if the one deal with Japan is worth 70M then globally this is worth a phenominal figure.Previous news has not been the best and subsequently the stock has dropped to it's present valuation but everyone knows with drug companies that it may only take one success to make this into a giant success.

Ono Pharma must have great faith in this drug to be prepared to invest such a sum. Again we must take into account milestones must be reached in order to receive the payments and now it is a case of risk vs reward.

If, as you say moneyman, the information is correct, this is a company-transforming deal.

Why wasnt the numbers released with the announcement at the moment its all speculation.

I think current Market turmoil is also affecting the sp - but the killer (for me investing more, even at this price), is the "6-months"
-trouble with such a time-scale is they tend to become 'elastic' and it might become 1-year.....meanwhile, the sp falters on no-news.

Do you guys think this really is the start of something big, or are you being warmed by company chatter?

I'm none too keen on Options as these are a win-win for Execs - only if they use their own money will I take note - - - -and it needs to be minimum 50k-worth.

I'm open minded hangon. I've been in these a while now in the belief that they'll come good. I still think that and am happy to hold although I'd like to see a little positive SP action every now and again!

precisely! credibility will only be gained if management believe risk/reward is in their favour and back cen out of their own pockets.

The SP really should be higher!

CeNeS Pharmaceuticals said it is confident about the future backed by a solid balance sheet, a strong Phase III lead programme and an active earlier pipeline moving into Phase II and Phase I trials in the short term.

The company said its pipeline is focused and well balanced with clearly defined clinical and commercial targets. It added that it is well-placed to deliver important data from its lead programme M6G, CeNeS' lead drug candiate for the treatment of post-operative pain.

The company also said the partnering of M6G is proceeding to plan and it is confident it can secure further deals in the near future. Chairman Alan Goodman said the company's deal with Ono alone, underpins CeNeS' current market valuation.

Earlier this month, CeNeS said it has licensed the exclusive Japanese rights to its general anaesthetic and short-acting sedative, CNS-7056, to Ono Pharmaceutical Co Ltd.

why? because we want it to be,or the co.considers one drug alone covers its market cap? if the deals materialise this stock will rocket ! 'til then we're in for much of the same queenie.

The name is queen1.

It should be higher because it is a quality outfit with quality products that as you say will rocket should the right deals for those products materialise.

Its a crap company queenie ... look at the chart , says it all.

One or two products may come off one day but putting dosh in these is like betting on a horse , sh*t or bust.

These remind me of ML Labs ... always jam tomorrow.

Good luck.

my apologies queen1. p.s i'm still happy to hold my bet on this horse, as i gather you are!

Humbly accepted parthus. And yes, I'm more than happy to hold. Please do your best to ignore dil. He follows me around like a bad smell and will take a stance opposite to whatever I'm saying. I guess it's flattering in a bizarre way.

Lol don't flatter yourself queenie ... its just that I know a bit about these and as I told you before the chart says it all.

Maybe others who read this won't be as pigheaded as you. Be plenty of time to buy when (if) they start rising not when they're nosediving.

Flattered dil? The only time I'd be flattered would be if you left this mortal coil and I had shares in Dignity. Go get another life and somebody else to cling to.

CeNeS Pharmaceuticals PLC confirmed it is in talks which may or may not lead to an offer for the company, adding that a further announcement will be made in due course.

WHY TWO THREADS - CONSOLIDATE!!!