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ICN BIOMEDICALS INC. ANNOUNCES SECOND QUARTER DIVIDEND

 COSTA MESA, Calif., July 15 /PRNewswire/ -- The board of directors of ICN Biomedicals Inc.(AMEX: BIM) today declared a regular quarterly dividend of 4 1/4 cents per share to shareholders of record on July 26, 1993, payable July 30, 1993.
 ICN Biomedicals' annualized common stock dividend is 17 cents a share.
 ICN Biomedicals' board said the company has taken major actions to improve its competitiveness and enhance the future profitability of the company. These include refocusing the company's business strategies to concentrate on sales from ICN Biomedicals' 1,952-page catalog, one of the world's most complete offerings of biological and clinical diagnostic products.
 During the first quarter of 1993, ICN Biomedicals reversed a trend of unprofitability, reporting earnings of $1 million, or 5 cents a share, on worldwide sales of $15.8 million.
 Sales of important ICN Biomedical core products increased in the first quarter of 1993, including sales of radioisotopes in the United States and radioisotopes, biochemicals and cell biology products in key European countries.
 Gross profit margins for ICN Biomedicals increased to 53 percent in the first quarter of 1993 compared to 46 percent in the same quarter of 1992.
 ICN Biomedicals Inc. is a major worldwide supplier of biotechnology research products and medical diagnostics.
 -0- 7/15/93
 /CONTACT: Paul Knopick of ICN Biomedicals, 714-545-0100 ext. 2465/
 (BIM)


CO: ICN Biomedicals Inc. ST: California IN: MTC SU: DIV

LM-MF -- LA045 -- 2292 07/15/93 20:57 EDT
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Publication:PR Newswire
Date:Jul 15, 1993
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