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Biotech / Medical : CEPH

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To: KurtVedder who wrote (74)4/7/1997 10:02:00 PM
From: harkenman   of 998
 
Insider trading, CEPH Officer sells 16,500 shares, 95% of holding!
Dates coincide with latest 10Q filing I posted here on this thread.

BBN 4/5 MURPHY MICHAEL,OFF.,SELLS 16,500 FROM 03/04/97-03/25/97 OF

FORM 4 - OPTION RELATED SELL

SEC - FROM 03/04/97-03/25/97, MURPHY MICHAEL, AN OFFICER OF CEPHALON
INC (TICKER:CEPH) SOLD 16,500 SHARES AT $20.63 - $22.88,

BRINGING HOLDINGS TO 878 SHARES.

The Washington Service reports only purchases and sales (both
open market and private) of common stock. Further information

on our services may be obtained by calling (202) 778-1380.
-0- (WSA) Apr/05/97 4:59 

bloomberg.com
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