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FOREST LABORATORIES REPORTS FISCAL FIRST QUARTER RESULTS

 FOREST LABORATORIES REPORTS FISCAL FIRST QUARTER RESULTS
 NEW YORK, July 21 /PRNewswire/ -- Forest Laboratories, Inc. (AMEX: FRX), an international pharmaceutical manufacturer and marketer, today reported record revenues and earnings for its first fiscal quarter ended June 30, 1992.
 Net income in the current quarter increased 30 percent to $13,969,000 from $10,758,000 reported in last year's first quarter, Net income per share equaled $.31 for the quarter compared to $.25 per share reported in the first quarter of the prior year.
 For the quarter, net revenues increased 18 percent to $68,598,000 from $58,029,000.
 Howard Solomon, president of Forest, said, "We are pleased with the strong operating results achieved in our first quarter. Our principal promoted branded products continue to respond to the detailing effort of our expanded salesforce. In particular, AeroBid(R) prescriptions continue to increase dramatically, benefiting from the trend toward the use of inhaled steroids as primary therapy in the treatment of asthma. We are also encouraged by the results of our sales efforts with our recently acquired line of thyroid products.
 Solomon added, "We are looking forward to continued growth in revenues and income in the quarters ahead."
 FOREST LABORATORIES, INC. AND SUBSIDIARIES
 Consolidated Statements of Income
 (In thousands, except per share amounts -- Unaudited)
 First quarter ended June 30 1992 1991
 Net revenues $68,598 $58,029
 Income before taxes 21,850 16,617
 Income taxes 7,881 5,859
 Net income 13,969 10,758
 Net income per common and
 common equivalent share $.31 $.25
 Weighted average number
 of shares outstanding 44,948 43,819
 -0- 7/21/92
 /CONTACT: Kenneth E. Goodman, vice president-finance of Forest Laboratories, 212-421-7850/
 (FRX) CO: Forest Laboratories Inc. ST: New York IN: MTC SU: ERN


TS-SM -- NY021 -- 1169 07/21/92 09:43 EDT
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Date:Jul 21, 1992
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