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IRDC DECLARES SECOND QUARTER DIVIDEND

 IRDC DECLARES SECOND QUARTER DIVIDEND
 MATTAWAN, Mich., July 28 /PRNewswire/ -- International Research and


Development Corp. (NASDAQ: IRDV) today announced a dividend for the second quarter of 1992.
 Yesterday, July 27, the board of directors of International Research and Development Corp. (IRDC) declared a $.01 per share dividend to shareholders of record as of Aug. 10, 1992, payable on Aug. 24, 1992. This marks the 86th consecutive quarter for which cash dividends have been paid to shareholders.
 IRDC is engaged in the safety evaluation of pharmaceutical and veterinary drugs, agricultural products and chemicals. Studies are performed on behalf of 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 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.
 -0- 7/28/92
 /CONTACT: Dr. Francis X. Wazeter, president of IRDC, 616-668-3336/
 (IRDV) CO: International Research and Development Corp. ST: Michigan IN: MTC SU: DIV


CK -- NY053 -- 4084 07/28/92 12:21 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jul 28, 1992
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