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APPLIED BIOSCIENCE INTERNATIONAL INC. ANNOUNCES INCREASE IN SHARE REPURCHASE PROGRAM FROM ONE MILLION SHARES TO TWO MILLION SHARES

 ARLINGTON, Va., April 2 /PRNewswire/ -- Grover C. Wrenn, president and CEO of Applied Bioscience International Inc. (NASDAQ: APBI), announced today that the board of directors of APBI has approved an increase of the share repurchase program of Jan. 7, 1993, from one million shares to up to two million shares.
 The company also announced that, in connection with the stock repurchase program, it is considering seeking additional outside sources of financing. To date, the company has repurchased approximately 675,000 shares.
 -0- 4/2/93
 /CONTACT: John H. Timoney, senior vice president of Applied Bioscience International, 609-951-9090; or John J. McNamara, president of John McNamara Advertising, 212-509-7779, for Applied Bioscience International/
 (APBI)


CO: Applied Bioscience International Inc. ST: Virginia IN: MTC SU:

GK-TS -- NY045 -- 2549 04/02/93 13:23 EST
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Publication:PR Newswire
Date:Apr 2, 1993
Words:131
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