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MEDICIS ANNOUNCES FIRST QUARTER PROFITABILITY; NET SALES INCREASE 81 PERCENT

 NEW YORK, Oct. 29 /PRNewswire/ -- Medicis Pharmaceutical Corporation (NASDAQ: MDRXA) announced today net sales of $3,647,218 and profits of $38,743 for the first quarter of fiscal 1994, ended Sept. 30, 1993, compared to net sales of $2,014,381 and a net loss of $889,684 for the first quarter of fiscal 1993. The quarterly results mark the first profitable reporting period for the company.
 Jonah Shacknai, Chairman and Chief Executive Officer, said, "These results, with our first time profitability, represent a watershed in the short history of Medicis. Among other things, we are excited about the strong response by dermatologists and patients to Medicis' recently launched Dynacin(TM) brands. The products contributed importantly to profitability this quarter."
 "As we move forward, management continues to stress aggressive promotion of our prescription and consumer brands, while seeking opportunities to acquire new products or licenses which will expand the company's already substantial base in skin care," added Mr. Shacknai.
 Medicis nationally markets numerous prescription and over-the- counter products which effectively treat various dermatological conditions.
 -0- 10/29/93
 /CONTACT: Stuart Diamond of Medicis Pharmaceutical Corporation, 212-599-2000/
 (MDRXA)


CO: Medicis Pharmaceutical Corporation ST: New York IN: MTC SU:

LG-TS -- NY020 -- 8382 10/29/93 09:36 EDT
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Publication:PR Newswire
Date:Oct 29, 1993
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