Old news...

"In July 2009, the company completed a Rights Offering resulting in the sale of approximately 22.5 million shares of common stock for net proceeds of $27.8 million. Robert W. Duggan, the company's Chairman of the Board and CEO, purchased 4.8 million shares in the Rights Offering. In connection with the Rights Offering, the company repaid a $6.4 million loan from an affiliate of Mr. Duggan."

Neither good nor bad for stockholders, only a continuing of Duggan's commitment to PCYC, for better or for worse, he sees sizable gains down the road or he wouldn't be here at all.