Collagen Aesthetics to Evaluate Strategic Alternatives.PALO ALTO Palo Alto, city, California Palo Alto (păl`ō ăl`tō), city (1990 pop. 55,900), Santa Clara co., W Calif.; inc. 1894. Although primarily residential, Palo Alto has aerospace, electronics, and advanced research industries. , Calif.--(BW HealthWire)--March 3, 1999--Collagen Aesthetics, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on NM: CGEN CGEN Convective Sigmet Generation ) today announced that in response to the unsolicited proposal by Mentor Corporation (NASDAQ NM: MNTR) to acquire the Company, Collagen Aesthetics, in consultation with its financial advisor Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. Inc., will undertake an evaluation of strategic alternatives available to the Company with the objective of maximizing shareholder value, including possible sale or merger of the Company. About Collagen Aesthetics Collagen Aesthetics is maximizing the Company's worldwide aesthetic medicine franchise and nearly two decades of physician relationships with proprietary and in-licensed products. The Company's proprietary product line includes Zyderm(R) and Zyplast(R) collagen implants and Contigen(R) Bard collagen implant, while in-licensed products include Hylaform(R) viscoelastic Adj. 1. viscoelastic - having viscous as well as elastic properties natural philosophy, physics - the science of matter and energy and their interactions; "his favorite subject was physics" gel, SoftForm(R) facial implant, Refinity(tm) Medical Skin Solutions and the Coblation(tm) dermatologic surgery system. Collagen Aesthetics reported revenues of $22.7 million for is most recent quarter ended December 31, 1998, with net income of $2.3 million, or $0.27 per diluted share. Collagen Aesthetics' press releases can be accessed on the Internet at http://www.businesswire.com/cnn/cgen.htm. |
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