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PYXIS CORP. ANNOUNCES INITIAL PUBLIC OFFERING OF COMMON STOCK

 PYXIS CORP. ANNOUNCES INITIAL PUBLIC OFFERING OF COMMON STOCK
 SAN DIEGO, July 23 /PRNewswire/ -- Pyxis Corp. (NASDAQ-NMS: PYXS) announced today its initial public offering of 4 million shares of common stock at a price of $14 per share.
 All of the shares are being sold by the company.
 Merrill Lynch & Co., and Donaldson, Lufkin & Jenrette Securities Corp. are co-managers of the offering. Copies of the final prospectus may be obtained from Merrill Lynch & Co., 250 Vesey St., New York, N.Y. 10280 and Donaldson, Lufkin & Jenrette Securities Corp., 140 Broadway, New York, N.Y. 10005.
 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.
 -0- 7/23/92
 /CONTACT: Gerald E. Forth, VP-finance and CFO of Pyxis, 619-792-0966/
 (PYXS) CO: Pyxis Corp. ST: California IN: HEA SU: OFR


BP-EH -- SD002 -- 2274 07/23/92 08:36 EDT
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Publication:PR Newswire
Date:Jul 23, 1992
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