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TEL-AVIV COURT DENIES SHAREHOLDERS' REQUEST TO NULLIFY INTERPHARM'S LICENSE AGREEMENT

 NESS-ZIONA, Israel, Nov. 18 /PRNewswire/ -- InterPharm Laboratories Limited (NASDAQ: IPLLF) announced today that the Tel-Aviv District Court has denied a request by several shareholders to nullify a license agreement between InterPharm's subsidiary Inter-Lab and Ares-Trading, and the procedures by which the two companies set prices for products sold by InterPharm to Ares-Trading pursuant to a supply agreement.
 The Judge also rejected a claim made by the plaintiff shareholders that they were being unfairly treated by InterPharm.
 In addition, the Judge reiterated his previous decision requiring InterPharm to appoint two public directors. That matter currently is under appeal and the implementation of the judgement has been stayed by the Israeli Supreme Court pending a decision on the appeal.
 InterPharm Laboratories Ltd. is a member of The Ares-Serono Group, a worldwide developer and marketer of pharmaceutical and diagnostic products, with executive headquarters in Geneva, Switzerland. The Group operates subsidiaries and manufacturing facilities in more than 20 countries.
 InterPharm Laboratories Ltd's shares are traded over-the-counter in the United States.
 -0- 11/18/93
 /CONTACT: Gina Cella of Ares-Serono, 617-982-9000/
 (IPLLF)


CO: InterPharm Laboratories Ltd; Ares-Serono Group, Inc. ST: Massachusetts IN: MTC SU: LIC

JL-DD -- NE014 -- 6234 11/18/93 16:44 EST
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Publication:PR Newswire
Date:Nov 18, 1993
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