ann expected this week

According to the speeding ticket response from 17 April we can expect an announcement. If, then lets hope for a good ride up.

By Email
Dear Ms Badhni
RE: PRICE QUERY
In response to your letter dated 16 April 2009 regarding the change in share price from a
low of 0.6 cents to a high of 2.6 cents and an increase in traded volume of Neuren shares,
the Company provides the following answers to your questions:
1. As recently noted in the Company’s 2008 Annual Report, Neuren has for some time
been in negotiations relating to two of the Company’s programmes:
a. with regard to the development of NNZ-2566 through Phase 2 trials and
beyond, new investment sourced from the US market is being sought to
compliment the previously announced US Army funding; and
b. with regard to the preclinical cancer programme a partner is being sought to
enable development to a value point which will allow further partnering or
collaboration.
These negotiations are incomplete and the Company is unable to announce further
details. Once negotiations are complete, expected to be in the next two to three
weeks, a detailed announcement will be made.
While the Company does not believe that these negotiations are an explanation for
recent trading in the Company’s shares, if either or both of these negotiations are
successful they could be expected to have a positive effect on the Company’s share
price, particularly having regard to recent price levels.