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INTERNATIONAL RESEARCH AND DEVELOPMENT CORP. AND SUBSIDIARIES ANNOUNCES DIVIDEND FOR THE FIRST QUARTER OF 1993

 MATTAWAN, Mich., May 5 /PRNewswire/ -- On May 3, 1993, the board of directors of International Research and Development Corp. (NASDAQ-NMS: IRDV) declared a $.01 per share dividend to shareholders of record as of May 17, 1993, payable on June 1, 1993. This marks the 89th consecutive quarter for which cash dividends have been paid to the corporation's shareholders.
 International Research and Development Corp. (IRDC) is engaged in the safety evaluation of pharmaceutical and veterinary drugs and agricultural products. Studies are performed on behalf of various manufacturers of such products, both foreign and domestic, and on behalf of governmental agencies. Clinical safety evaluation studies are conducted on behalf of clients in the pharmaceutical, chemical and cosmetic-related industries through its subsidiary, IRAD Corp.
 IRDC also is a manufacturer and distributor of cosmetics and skin care products through its subsidiary, Carme' Inc., as well as certain medical and health care products and services through another of its subsidiaries, Medical Surgical Specialties, Ltd.
 The common stock of International Research and Development Corp. is traded in the over-the-counter national market. The NASDAQ symbol for the common stock is IRDV.
 -0- 5/5/93
 /CONTACT: Dr. Francis X. Wazeter, president, International Research and Development Corp., 616-668-3336/
 (IRDV)


CO: International Research and Development Corp. ST: Michigan IN: MTC SU: DIV

JG -- DE015 -- 4823 05/05/93 11:17 EDT
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Publication:PR Newswire
Date:May 5, 1993
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