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ALPHA 1 BIOMEDICALS FIRST QUARTER CALENDAR YEAR 1992 RESULTS

 ALPHA 1 BIOMEDICALS FIRST QUARTER CALENDAR YEAR 1992 RESULTS
 WASHINGTON, April 29 /PRNewswire/ -- Alpha 1 Biomedicals, Inc. (NASDAQ: ALBM) today reported financial results for the first quarter of calendar year 1992.
 Revenues for the first quarter were $60,841 and expenses were $988,172 resulting in a net loss of $927,331 or $.13 per share. The results for the same quarter of the preceding year were $24,532 in revenues, $698,359 in expenses and a loss of $673,827 or $.12 per share.
 Reported losses for the quarter were in line with management's expectations and are primarily associated with expenses of ongoing clinical trials, increased staffing and operating costs.
 Alpha 1 Biomedicals, Inc. is a Washington-based company engaged in the development of pharmaceutical products.
 ALPHA 1 BIOMEDICALS, INC.
 Statements of Operations (Unaudited)
 Three months ended March 31 1992 1991
 Revenues $60,841 $24,532
 Costs and expenses 988,172 698,359
 Net loss 927,331 673,827
 Net loss per common share $.13 $.12
 Weighted average common shares outstanding 7,289,430 5,858,825
 -0- 4/29/92
 /CONTACT: R. J. Lanham, vice president, 202-628-9898, or Anita Monteith Dixon of Long Ridge Associates, 203-790-0647, both for Alpha 1 Biomedicals/
 (ALBM) CO: Alpha 1 Biomedicals, Inc. ST: District of Columbia IN: MTC SU: ERN


SM-OS -- NY053 -- 4397 04/29/92 12:44 EDT
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Publication:PR Newswire
Date:Apr 29, 1992
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