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CELLEX BIOSCIENCES ANNOUNCES UNITS WILL NOT BE SEPARABLE ON NOV. 12, 1993

 MINNEAPOLIS, Nov. 12 /PRNewswire/ -- Cellex Biosciences, Inc. (NASDAQ: CLXX) announced today that the Warrants included in the Units sold by the company pursuant to a public offering completed in May 1993, will not become exercisable or separately tradable on Nov. 12, 1993, due to the pending acquisition of LSL Group, Ltd. and other circumstances which prevent the company from distributing a current Prospectus relating to the shares underlying the Warrants.
 As described in the Prospectus relating to the Units dated May 12, 1993, the Warrants cannot become exercisable unless at the time of exercise the company has a current Prospectus to provide to the Warrant holders. The company intends to use its best efforts to make a current Prospectus available to the Warrant holders and allow the Warrants to become exercisable as soon as such action can be taken in the best interests of the Warrant holders and other shareholders of the company. The company will notify Warrant holders of any changes in status of the Units relating to the separation or exercisability of the Warrants. The company may permit separate trading of the Warrants before the Warrants become exercisable.
 Cellex Biosciences, Inc., headquartered in Minneapolis, is dedicated to providing cell processing products and services to meet the needs of human health care and biotechnology markets worldwide.
 -0- 11/12/93
 /CONTACT: Yvonne L. Marschner-Bova, director, Investor Relations of Cellex Biosciences, 313-871-7350/
 (CLXX)


CO: Cellex Biosciences, Inc. ST: Minnesota IN: MTC SU:

JG -- DE006 -- 3564 11/12/93 09:49 EST
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Publication:PR Newswire
Date:Nov 12, 1993
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