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ADVANCED MEDICAL ANNOUNCES AFFILIATE PUBLIC OFFERING

 ADVANCED MEDICAL ANNOUNCES AFFILIATE PUBLIC OFFERING
 NEW YORK, Nov. 4 /PRNewswire/ -- Advanced Medical, Inc. (AMEX: AMA)


announced that its Alteon (NASDAQ: ALTN) affiliate successfully completed its initial public offering of 3 million shares of common stock at $15 per share. Advanced Medical owns 1,444,800 shares (13.1 percent after the offering) of Alteon.
 -0- 11/4/91
 /CONTACT: Thomas M. Dean, investor relations of Advanced Medical, 212-421-1121, or 800-553-2061/
 (AMA ALTN) CO: Advanced Medical Inc.; Alteon ST: New York IN: HEA SU: OFR SH-TS -- NY015 -- 0609 11/04/91 09:36 EST
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Copyright 1991 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Nov 4, 1991
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