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ADVANCED POLYMER SYSTEMS COMPLETES ACQUISITION PREMIER OTC DRUG AND TOILETRY BUSINESS

 REDWOOD CITY, Calif., April 7 /PRNewswire/ -- Advanced Polymer Systems Inc. (NASDAQ: APOS) announced today that it has completed its acquisition of Premier Inc., a marketing and distribution company specializing in over-the-counter drug and toiletry products. APS will exchange approximately 450,000 shares of common stock for all the shares of Premier.
 This acquisition offers the company exclusive arrangements to market and distribute two sunscreens, Sundown(R) and Johnson's Baby Block(R), on behalf of Johnson & Johnson Consumer Product and adds Take-Off(R), a make-up remover, licensed from Johnson & Johnson, to APS' existing proprietary products, EveryStep(TM), a shoe and foot deodorant, and Exact(TM), an acne medication.
 A spokesperson of APS described the merger as a continuation of the company's plan to develop and add products which could be incorporated into APS' Microsponge delivery system with the primary focus on topical applications.
 Premier's market position in the sun protection field should be of long-term value to APS. Premier had 1992 revenues of approximately $7.5 million and brings to APS solid sales, marketing and distribution capabilities for OTC products. The acquisition enhances the ongoing commercialization objectives of the company and underlines the vertical integration strategy currently being implemented.
 APS develops, manufactures and markets patented Microsponge(R) delivery systems that allow for the controlled release of active ingredients. The company is pursuing New Drug Applications for two products using its technology: ProZone(R), APS' own sun care product incorporating genetically engineered melanin; and Tretinoin entrapped in the Microsponge for acne treatment. Both products are in Phase III clinical studies, a late stage in the drug approval process. In addition, the company markets its own OTC drug and toiletry products incorporating the Microsponge delivery system.
 -0- 4/7/93
 /CONTACT: Loretta Garder Miller (investors) or Michael O'Connell, CFO, of Advanced Polymer Systems, 415-366-2626/
 (APOS)


CO: Advanced Polymer Systems Inc. ST: California IN: MTC SU: TNM

EH -- LA020 -- 3711 04/07/93 10:17 EDT
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Publication:PR Newswire
Date:Apr 7, 1993
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