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INTERNATIONAL RESEARCH AND DEVELOPMENT CORPORATION ANNOUNCES DIVIDEND FOR THE FOURTH QUARTER OF 1992

 MATTAWAN, Mich., Feb. 9 /PRNewswire/ -- On Feb. 5, 1993, the board of directors of International Research and Development Corporation (NASDAQ-NMS: IRDV) declared a $.01 per share dividend to shareholders of record as of Feb. 19, 1993 payable on March 5, 1993. This marks the 88th consecutive quarter for which cash dividends have been paid to its shareholders.
 International Research and Development Corporation (IRDC) is engaged in the safety evaluation of pharmaceutical and veterinary drugs, agricultural products and chemicals. Studies are performed on behalf of various manufacturers of such products, both foreign and domestic, and on behalf of governmental agencies. Clinical safety evaluation studies are conducted on behalf of clients in the pharmaceutical, chemical, and cosmetic-related industries through its subsidiary, IRAD Corporation.
 IRDC also is a manufacturer and distributor of cosmetics and skin care products through its subsidiary, Carme' Inc., as well as certain medical and health care products through another of its subsidiaries, Medical Surgical Specialties, Ltd.
 The common stock of International Research and Development Corporation is traded in the over-the-counter market. The NASDAQ symbol for the common stock is IRDV.
 -0- 2/9/93
 /CONTACT: Dr. Francis X. Wazeter of IRDC, 616-668-3336/
 (IRDV)


CO: International Research and Development Corporation ST: Michigan IN: SU: DIV

WB -- NY067 -- 4714 02/09/93 13:27 EST
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Publication:PR Newswire
Date:Feb 9, 1993
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