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LIDAK PHARMACEUTICALS TO BE LISTED ON NASDAQ NATIONAL MARKET SYSTEM

 LA JOLLA, Calif., Sept. 28 /PRNewswire/ -- LIDAK Pharmaceuticals (NASDAQ: LDAKA) announced today that its Class A common stock, Class B warrants and Class C warrants will begin trading on the NASDAQ National Market System (NMS) as of Sept. 30, 1993. These securities will continue to trade under the symbols LDAKA, LDAKM, and LDAKZ, respectively.
 "The interest in LIDAK securities has been extremely positive as evidenced by the increase in trading activity over the last several months. A listing of our Class A common shares on the NASDAQ National Market System will give the company even greater visibility and prominence in the financial community," said Michael H. Lorber, vice president and chief financial officer.
 Trading data on the NASDAQ National Market System is more widely distributed by wire services for dissemination by newspapers and other press. LIDAK's entry onto the NMS also provides additional advantages with respect to state blue-sky legislation and marginability requirements of the Federal Reserve Board.
 LIDAK Pharmaceuticals is developing therapeutic products against virally caused diseases, inflammatory disorders and cancer. The company's initial focus is on the commercialization of LIDAKOL (TM) as a treatment for herpes and other indications.
 The company is also developing its Large Multivalent Immunogen (LMI) technology for potential new therapies against cancer and viral diseases.
 -0- 9/28/93 R
 /CONTACT: Michael H. Lorber, vice president/CFO of LIDAK Pharmaceuticals, 619-558-0364, or Fern Lazar of Dewe Rogerson, Inc., 212-688-6840/


CO: LIDAK Pharmaceuticals ST: California IN: MTC SU:

GK-TM -- NY008R -- 6258 09/28/93 09:31 EDT
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Publication:PR Newswire
Date:Sep 28, 1993
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