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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,
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To: Tassi who wrote ()2/10/2000 2:14:00 PM
From: Anthony@Pacific  Read Replies (1) of 122087
 
LXRI<--------I nvere did like companies that do this..they usually dont amount to much of anything.

RICHMOND, Calif., Dec. 28 /PRNewswire/ -- LXR Biotechnology Inc.
(OTC Bulletin Board: LXRI) announced today that it intends to suspend the
registration of its stock with the Securities and Exchange Commission by the
end of calendar year 1999. The suspension, which will enable cost savings t
the company, will take effect automatically upon the filing of required form
with the SEC, subject to SEC review. The filing will be based on the decrea
in the number of LXR stockholders below the level requiring continued
registration.
LXR's shares are currently traded on the Nasdaq OTC Bulletin Board under
the symbol LXRI. As a result of the suspension of its SEC reporting
obligations, LXR will no longer be eligible to be traded on the OTC Bulletin
Board. LXR shares may trade on the so-called "pink sheets."
In addition, LXR announced that it has agreed with US Bancorp Piper
Jaffray to suspend that firm's search for a purchaser of the company or its
technology. LXR will continue to evaluate the feasibility of selling either
the company or its remaining assets. The company has discontinued research
and development operations while it undertakes this evaluation.
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