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NEUTROGENA CORP. PURCHASES MINORITY INTEREST IN CELLEGY

 NEUTROGENA CORP. PURCHASES MINORITY INTEREST IN CELLEGY
 LOS ANGELES, April 20 /PRNewswire/ -- Neutrogena Corp. (NASDAQ: NGNA) announced today that it has purchased for cash a minority interest in Cellegy Pharmaceuticals Inc. (formerly Dermatologic Research Corp.), a private company, based in Napa, Calif., that specializes in research and development of dermatologic products.
 "This association with Cellegy fits well with Neutrogena's strategy to maintain and enhance our leadership image in the skin care products arena," said Lloyd E. Cotsen, chairman and chief executive officer of Neutrogena.
 Neutrogena Corp., headquartered in Los Angeles, manufactures and sells high quality, premium priced speciality skin care and hair care products.
 -0- 4/20/92
 /CONTACT: Dasha Lewin of Neutrogena Corp., 310-642-1150; or Cecilia A. Wilkinson of Pondel, Parsons & Wilkinson, 310-207-9300, for Neutrogena Corp./
 (NGNA) CO: Neutrogena Corp.; Cellegy Pharmaceuticals Inc. ST: California IN: MTC SU: TNM


RM -- LA018 -- 0069 04/20/92 12:37 EDT
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Publication:PR Newswire
Date:Apr 20, 1992
Words:149
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