Advanced Polymer Systems Engages Warburg Dillon Read.REDWOOD CITY Redwood City, city (1990 pop. 66,072), seat of San Mateo co., W Calif., on San Francisco Bay; inc. 1868. Manufactures include commmunications, electrical, electronic, and medical equipment. , Calif.--(BUSINESS WIRE)--April 15, 1999-- Advanced Polymer Systems, Inc. (Nasdaq: APOS APOS American Psychosocial Oncology Society APOS After Point of Sales APOS Acoustic Processor Operating Station APOS Advanced Process Oriented Steering ) today announced that its management and board of directors have been actively considering steps that would increase shareholder value. To further the process, the company today engaged Warburg Dillon Read Investment bank created by the 1997 merger of S.G. Warburg & Co. and Dillon, Read & Co. Subsequently renamed UBS Warburg and now part of UBS AG, where the Warburg name was eventually dropped. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control to provide financial advisory and investment banking services to the company. John J. Meakem, Jr., chairman, president and chief executive officer said, "We are looking to Warburg Dillon Read LLC to work with our management team and board of directors to evaluate a range of strategic alternatives including the possible sale of part or all of the company. Warburg Dillon Read LLC is an outstanding resource, and in our judgement they will be an important asset to us as we take the necessary steps to enhance value for all of our shareholders." Advanced Polymer Systems, is a leader in polymer-based delivery systems and related technologies used primarily in ethical and over-the-counter (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). ) pharmaceuticals and personal care products. The company's Microsponge and Polytrap(R) systems, which deliver active ingredients to the skin, now play an integral role in almost 100 personal care products sold worldwide. New products and technologies under development include site-specific systems for delivering oral medications to the lower gastrointestinal tract gastrointestinal tract n. The part of the digestive system consisting of the stomach, small intestine, and large intestine. Gastrointestinal tract , and bioerodible microspheres and polymers for oral or implantable drug delivery. |
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