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Biotech / Medical : Texas Biotech (TXB)

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To: Ken Crooks who wrote (329)	9/25/1997 11:52:00 PM
From: Ted Gregg	of 834

Texas Biotechnology/Pricing -2: Lehman Is Lead Underwriter NEW YORK (Dow Jones)--An offering of 5 million common shares of Texas Biotechnology Corp. (TXB) was priced at $5 each through underwriters led by Lehman Brothers Inc. Gross spread is 30 cents, selling concession is 15 cents and reallowance is 10 cents. Delivery is scheduled for October 1. Proceeds from the offering are expected to be used for general corporate purposes. "Dow Jones News Service" "Copyright(c) 1997, Dow Jones & Company, Inc."

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