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APBiotech, Inc.
800 Centennial Avenue, P.O. Box 1327, Piscataway, NJ 08855 * (732) 457-8000
Business Description The company is a leading global provider of biotechnology systems, products and services for research into genes and proteins, for the discovery and development of drugs, and for the manufacture of biopharmaceuticals.
Filing
Information

Not yet
public

To Trade As  APBI (NASNTL) Industry  Service (SIC 8731)
Type of Stock Offered Common Shares Filing Date  10/2/00
Domestic Shares Filed 0 Filing Price  - -
Foreign Shares Filed  0 Offering Amount  $100,000,000
Company Shares  0 Est. Expenses  - -
Selling Shrhldrs Shares  0 Post-IPO Shares  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Morgan Stanley Dean Witter Lead Manager (212) 761-5900
Chase H&Q; Co-manager (415) 439-3626
Goldman, Sachs & Co. Co-manager (212) 902-5959
Salomon Smith Barney Co-manager (212) 723-7300
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 6 Months Ending
Figures in U.S. millions except per share data   3/31/96 3/31/97 12/31/98 12/31/99 6/30/99 6/30/00
Revenues   - 244.900 260.000 729.400 864.100 375.900 449.200
Income from Oper.   - 41.800 44.400 18.000 32.200 -2.900 12.100
Net Income   - 24.200 25.800 -10.500 -6.300 6.900 -5.600
E.P.S   - 44.000 46.910 -19.800 -16.200 2.000 -10.600
Revenue Growth (%)      - 6.17 180.54 18.467   19.50
Net Income Growth (%)      - 6.61 - -   -
Oper. Profit Margin (%)    - 17.07 17.08 2.47 3.73 2.69 -
Net Profit Margin (%)    - 9.88 9.92 - - - 1.84
Cash Flow - Oper.     - -14.90 25.70
Cash Flow - Inv.     - -30.60 -33.70
Cash Flow - Fin.     - 36.30 6.30
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 6/30/00 Financial Ratios
Total Assets    1,208.70 Current Assets    441.80 Current Ratio    0.72
Total Liab.    882.40 Current Liab.    616.70 Debt Ratio    73.00%
Total Equity    326.30 Working Cap.    -174.90 Debt to Equity Ratio    2.70
Cash    27.50    Return on Assets   -
Use Of
Proceeds
The proceeds from the proposed offering will be used for general corporate purposes, primarily to fund operations, to repay indebtedness owed to Nycomed Amersham.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Davis, Polk & Wardwell
Bank's Law Firm  Shearman & Sterling
Auditor  Pricewaterhouse Coopers LLC
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Principal
Shareholders
Name of Shareholder% Owned
Before
% Owned
After
Nycomed Amersham plc    
Note: represents ownership of 5% or more prior to the offering.

Last updated: 10/14/00 4:17:35 PM
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