Sydney - Thursday - February 19: (RWE Aust Business News) - Progen Pharmaceuticals (ASX:PGL) reports a cash balance of $72.9m at December 31, compared with $76.7m at June 30. The loss for the six months ended 31 December 2008 was $1,726,000 compared with a loss of $14,393,000 in the previous corresponding period, which included the financial impact of the accrual of $4,000,000 in milestone payments in relation to the termination of the Agreement for Strategic Alliance with Medigen Biotechnology Corporation.
PGL Price at posting:
74.1¢ Sentiment: LT Buy Disclosure: Held