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Biotech / Medical : Access Pharmaceutical (AXCS)

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To: Lawrence Burg who wrote ()8/10/1999 9:21:00 AM
From: leigh aulper   of 68
 
SmallCaps Online Announces Investment Opinion on Access Pharmaceuticals and Aronex Pharmaceuticals

NEW YORK--(BUSINESS WIRE)--August 10, 1999--

SmallCaps Online LLC Reiterates BUY On Access Pharmaceutical, Inc.

and Aronex Pharmaceuticals, Inc. After Recent Announcements

Visit SmallCaps Online's Web Site at

www.SmallCapsOnline.com for Detailed Report

SmallCaps Online LLC today reiterated its BUY recommendations on Access Pharmaceuticals, Inc. (OTC: AXCS) The full text of these reports can be accessed at SmallCaps Online's web site, at www.SmallCapsOnline.com.

Excerpts from the reports follow:

Access Pharmaceuticals recently announced the completion of the first closing of a planned $8 million private placement, raising approximately $3 million through the sale of 1.5 million shares of common stock. Concurrent with the closing of this financing, AXCS completed its acquisition of Virologix Corporation, a private anti-viral company. AXCS purchased Virologix for 1,000,000 shares of common stock.
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