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PYXIS ANNOUNCES PROPOSED INITIAL PUBLIC OFFERING OF STOCK

      PYXIS ANNOUNCES PROPOSED INITIAL PUBLIC OFFERING OF STOCK
    SAN DIEGO, June 25 /PRNewswire/ -- Pyxis Corp. ("Pyxis" or the "company") announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of 4,000,000 shares of its common stock at an estimated price of $12 to $14 per share.  All of the shares are being sold by the company.  Merrill Lynch & Co. and Donaldson, Lufkin and Jenrette Securities Corp. are co-managers of the offering.
    Pyxis Corp. designs, manufactures, markets and services unique, point-of-use systems which automate the distribution, management and control of medications and supplies in hospitals.  Pyxis systems consist of microprocessor-controlled secure storage units located in patient care areas throughout the hospital.  These units are linked to a Pyxis central computer in the hospital pharmacy or supply center.  The Pyxis central computer communicates with the hospital's management information systems to receive patient admission data and transmit medication and supply usage data.  The company's products are designed to reduce inventory carrying and other costs, improve billing and usage information, and increase the productivity of nurses and other hospital staff.
    The company plans to use the net proceeds of the offering to internally fund lease receivables from operations, to expand sales and field support capabilities, to pursue new markets for its systems and for new product development activities.
    Copies of the preliminary prospectus relating to the offering may be obtained from Merrill Lynch & Co., 250 Vesey, New York, NY 10280, and Donaldson, Lufkin & Jenrette Securities Corp., 140 Broadway, New York, NY, 10005.
    A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective.  These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.  This statement shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
    -0-                   6/25/92 R
    /CONTACT:  Gerald E. Forth, VP-finance and CFO of Pyxis, 619-792-0966/ CO:  Pyxis Corp. ST:  California IN:  CPR SU:  OFR AL-KJ -- SD001 -- 3642 06/25/92 09:23 EDT
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Publication:PR Newswire
Date:Jun 25, 1992
Words:388
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