Advanced Polymer Systems Finalizes Settlement With Biosource Technologies.REDWOOD CITY, Calif.--(BUSINESS WIRE)--April 14, 1999-- APOS APOS American Psychosocial Oncology Society APOS After Point of Sales APOS Acoustic Processor Operating Station APOS Advanced Process Oriented Steering Applies to the SEC to Withdraw Form S-3 Registration Statement Advanced Polymer Systems, Inc. (Nasdaq:APOS) today announced that it has applied to the SEC to withdraw its Form S-3 registration statement covering the registration of 200,000 shares in connection with the settlement of its dispute with Biosource Technologies, Inc., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , over a melanin melanin (mĕl`ənĭn), water-insoluble polymer of various compounds derived from the amino acid tyrosine. It is one of two pigments found in human skin and hair and adds brown to skin color; the other pigment is carotene, which contributes supply contract. The Company said that under current market conditions, it was more appropriate that the balance of the agreed settlement of $1.0 million be paid in cash. 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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