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  September 5, 2001
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Home > Company Index > Drugs > Drug Manufacturers - Other > PRAECIS PHARMACEUTICALS INCORPORATED

PRAECIS PHARMACEUTICALS INCORPORATED
Nasdaq: PRCS
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 PROFILE
PRAECIS PHARMACEUTICALS hopes its peptide-based drugs will be the precise answer to diseases aggravated by hormones. Its product abarelix-depot-M is being developed to halt prostate cancer growth by dropping patients' testosterone immediately. A similar drug, abarelix-depot-F (both are in clinical trials), is also being developed to treat endometriosis in women by lowering estrogen levels. Other drugs in PRAECIS's pipeline target Alzheimer's disease and muscle pain. The company has collaborative agreements with Amgen and Sanofi-Synthelabo to distribute abarelix worldwide upon its commercialization. Praecis has agreements for other drugs with Human Genome Sciences and Boehringer Ingelheim.

 COMPETITION
AstraZeneca PLC (AZN)
Eisai Company, Ltd. (ESALY)
Pfizer Inc (PFE)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 61.20
1-Yr. Sales Growth: (0.5)%
Employees: 125
Revenue per employee: $489,600.00

 KEY PEOPLE
• Malcolm L. Gefter
    CEO
• Kevin F. McLaughlin
    CFO

 CONTACT INFO
1 Hampshire St.
Cambridge, MA 02139
US
Phone: 617-494-8400
Fax: 617-494-8414
Online: Web Site

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