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PHARMETICS COMPLETES PRIVATE PLACEMENT

 PHARMETICS COMPLETES PRIVATE PLACEMENT
 HAUPPAUGE, N.Y., June 30 /PRNewswire/ -- Pharmetics Incorporated


today announced the completion of its recent private placement.
 With this additional capital, the corporation now meets the maintenance requirements for listing on the NASDAQ Stock Market. Previously, the corporation had requested and been granted a temporary exception to the new NASDAQ bylaws allowing the company to be listed on the NASDAQ Stock Market together with a fifth identification character, "C," appended to the company's symbol.
 With the completion of the private placement and the company's filing of the appropriate documents, the company is confident that it can demonstrate compliance with the requirements of the NASDAQ Stock Market which will result in the removal of the "C" from its symbol.
 -0- 6/30/92
 /CONTACT: Theodore M. Shlisky, president of Pharmetics, 516-231-8989/
 (PHRM) CO: Pharmetics Incorporated ST: New York IN: MTC SU:


LR-GK -- NY040 -- 5109 06/30/92 10:48 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Jun 30, 1992
Words:153
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