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Progen Terminates PATHWAY Trial & Confirms Focus on Potential High Value Molecules and M&A
Date:7/22/2008

ext weeks the appointment of corporate advisers to assist with the identification of and initial discussion with potential acquisitions in Australia and the United States.

Cash Position as at 30 June 2008: $76.7m, excluding creditors and accruals of $6.2m (unaudited).

On behalf of the Board of Directors and Management,

Dr Mal Eutick

Chairman

About Progen: Progen Pharmaceuticals is a globally focused biotechnology company committed to the discovery, development and commercialization of small molecule pharmaceuticals primarily for the treatment of cancer. Progen has built a focus and strength in anti-cancer drug discovery and development. Progen targets the multiple mechanisms of cancer across its three technology platforms, angiogenesis, epigenetics and cell proliferation. Progen has operations in Australia and the US.

Contact Point:

Dr Mal Eutick

Chairman

0416 177 772

Justus Homburg

CEO, Managing Director

T: +61 7 3842 3333

Linton Burns

Company Secretary

T: +61 7 3842 3333

Contact details:

Progen Pharmaceuticals Limited

ABN 82 010 975 612

PO Box 2403 Toowong Qld 4066

T: +61 7 3842 3333

F: +61 7 3720 9624

W: http://www.progen-pharma.com


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SOURCE Progen Pharmaceuticals Limited
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