Subject: Unimed Warrants Exercised
Date: Published: 3/5/92 (19 lines)
Source: Wall Street Journal. Copyright Dow Jones & Co. Inc.

    Unimed Warrants Exercised

    SOMERVILLE, N. J. -- Unimed Inc. said its common shares
 outstanding should increase to nearly 5.9 million from 4.5
 million after nearly all holders of stock-purchase warrants
 exercised their warrants.
    The warrants had a Feb. 24 expiration date.  Unimed said
 97% of the warrants were exercised, at a price of $7.45 a
 share.  About $9.3 million in proceeds will be used to fund
 Unimed's development of drugs for AIDS and HIV patients and
 cancer chemotherapy patients.

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