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Prana Announces Options Conversion; ABN Amro Morgans Limited to Fully Underwrite the Options Exchange.

Publication: PR Newswire
Publication Date: 05-FEB-03
Format: Online - approximately 584 words
Delivery: Immediate Online Access

Article Excerpt
Prana Biotechnology Limited , the Australian biotechnology company, reiterated today that ABN Amro Morgans Limited, a strong and penchant supporter of the Australian Biotechnology sector, will fully underwrite the option exercise expiring on March 1, 2003. Accordingly the underwriter will take up any options that are not exercised by the expiry date.

Prana has recently reported exciting results from its Phase II human clinical proof of concept trial of its strategy for developing therapeutic drugs for neurodegenerative disorders such as Alzheimer's and Parkinson's diseases. The Company...

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