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THERATECH, INC. FILES PUBLIC OFFERING OF 1,250,000 COMMON SHARES WITH SEC

 SALT LAKE CITY, Utah, Nov. 30 ~PRNewswire~ -- TheraTech, Inc. (NASDAQ-NMS: THRT) announced today that it filed a registration statement with the Securities and Exchange Commission covering a proposed public offering of 1,250,000 shares of common stock. All of the shares are being offered by the company.
 William Blair & Company and Vector Securities International, Inc. will co-manage the underwriting group.
 Net proceeds to the company will be used to fund research and development activities, construction of additional research and development and manufacturing facilities, and for working capital and general corporate purposes.
 Headquartered in Salt Lake City, Utah, TheraTech, Inc. develops advanced, controlled release drug delivery products which administer drugs through the skin, by oral delivery to the gastrointestinal tract, through tissues in the mouth and by other means. TheraTech currently has six drug delivery products in clinical development ranging from Phase I to Phase III, three products in preclinical development and seven products in earlier stages of development.
 -0- 11~30~92
 ~CONTACT: Steven C. Mayer or Myrna Duncan of TheraTech, Inc., 801-583-6028, or Mark J. Brand of Pondel Parsons & Wilkinson, 301-207-9300, or Mark A. Timmerman of William Blair & Company, 312-236-1600~
 (THRT)


CO: TheraTech, Inc. ST: Utah IN: HEA SU: OFR

PS-OS -- NY016 -- 4047 11~30~92 09:58 EST
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Publication:PR Newswire
Date:Nov 30, 1992
Words:211
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