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SAN FRANCISCO, Jan. 26 /PRNewswire-FirstCall/ -- Piper Jaffray & Co. is pleased to announce that Rachel McMinn has been promoted to senior research analyst covering the biotechnology industry. McMinn has been working as a research analyst in biotechnology since 2001 out of the firm's San Francisco office.

"We are excited to have Rachel as a key member of our senior analyst team," said Joel Denney, head of Investment Research at Piper Jaffray. "Rachel's consistency and commitment to excellence over the past five years have put her in a leadership position in our health care team and we look forward to her continued expansion of our biotechnology research platform."

McMinn will expand coverage in the biotechnology industry to include hematology, infectious disease and cardiology. Prior to joining Piper Jaffray, McMinn was a Miller Post-Doctoral Fellow in the molecular and cellular biology department at the University of California, Berkeley. She holds a Ph.D. in biochemistry from The Scripps Research Institute in La Jolla, Calif., and graduated magna cum laude from Cornell University in Ithaca, N.Y., with a bachelor's degree in chemistry.

Piper Jaffray & Co. is the chief operating subsidiary of Piper Jaffray Companies (NYSE: PJC), a focused securities firm dedicated to delivering superior financial advice, investment products and transaction execution within selected sectors of the financial services marketplace. The company operates through two primary revenue-generating segments: Capital Markets and Private Client Services. Piper Jaffray has served corporations, government and nonprofit entities, institutional investors and the financial advisory needs of private individuals since 1895. With headquarters in Minneapolis, Piper Jaffray has approximately 2,900 employees in 107 offices in 23 states across the country and in London. For more information about Piper Jaffray, visit us online at http://www.piperjaffray.com .

Since 1895. Member SIPC and NYSE.

SOURCE  Piper Jaffray & Co.
    -0-                             01/26/2006
    /CONTACT:  Susan Beatty, Media Relations of Piper Jaffray & Co.,
+1-612-303-5680/
    /Web site:  http://www.piperjaffray.com /
    (PJC)

CO:  Piper Jaffray & Co.
ST:  California
IN:  FIN BIO
SU:  PER

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4786 01/26/2006 10:50 EST http://www.prnewswire.com