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ESTEE LAUDER AND IGI TO ENTER INTO LICENSE AGREEMENT

 ESTEE LAUDER AND IGI TO ENTER INTO LICENSE AGREEMENT
 BUENA, N.J., Sept. 21 /PRNewswire/ -- Estee Lauder and a unit of


IGI, Inc. (AMEX: IG) are presently negotiating a licensing agreement whereby Estee Lauder plans to incorporate IGI's Novasome(TM) lipid vesicle technology into its products.
 IGI said its majority-owned Micro Vesicular Systems, Inc. (MVS) is presently supplying Novasomes for incorporation into Lauder products to be marketed in the near future.
 Both firms said they plan to conclude a final agreement in the next 60 days.
 An IGI spokesman said, "We have enjoyed an excellent working relationship and are delighted with Estee Lauder's enthusiasm for our Novasome technology and the contribution it will make to Lauder's premium products."
 -0- 9/21/92
 /CONTACT: Michael Dodge of IGI, Inc., 609-697-1441, or Thomas Redington of Redington, Inc., 203-222-7399, or 212-926-1733, for IGI/
 (IG) CO: IGI, Inc.; Estee Lauder ST: New Jersey IN: SU: LIC


SH-OS -- NY026 -- 1539 09/21/92 09:51 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Sep 21, 1992
Words:161
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