INTEGRATED GENERICS <IGN> UNIT TO GO PUBLIC
Integrated Generics Inc said its
wholly-owned A.N.D.A. Development corp Subsidiary has signed a
letter of intent with underwriters R.F. Lafferty and Co Inc and
S.J. Bayern and Co Inc to raise three mln dlrs through a unit
offering.
    The company said each unit would consist of two common
shares priced at about five dlrs each and a warrant to buy
another share at 6.50 dlrs.  Integrated said it would retain a
controlling interest.
    Integrated said proceeds would be used to finance the
development of prescription drugs on which patents expire.
 Reuter
