SECURITIES AND EXCHANGE COMMISSION
                                   WASHINGTON, D.C.

     Litigation Release No. 15456 August 21, 1997

     SECURITIES AND EXCHANGE COMMISSION v. ROBERT J. YOUNG, WILLIAM DOUGLAS
     MORGAN, RUSSELL LOZIS AND BETH LOMBARDO, 3:95 CV 2106 (AHN) (D. CONN.)
       
          The Commission announced today that on July 15, 1997, the U.S.
     District Court for the District of Connecticut entered final consent
     judgments against Defendants Russell Lozis ("Lozis"), 49, and Beth Lombardo
     ("Lombardo"), 42, the last two remaining defendants in this civil
     injunctive action alleging unlawful insider trading.  The Complaint alleges
     that Lozis and Lombardo, a married couple residing in East Hampton,
     Connecticut, among others, purchased stock in MedImmune, Inc. ("MedImmune")
     while in possession of material, nonpublic information concerning a
     proposed collaboration agreement between MedImmune and Merck, Inc. to
     develop an immunotherapy and vaccine for the virus that causes AIDS using
     MedImmune's monoclonal antibody technology.

          Lozis and Lombardo, without admitting or denying the allegations of
     the Complaint, each consented to the entry of a final judgment permanently
     enjoining them from future violations of Section 10(b) of the Securities
     Exchange Act of 1934 ("Exchange Act") and Rule 10b-5.  Lozis agreed to pay
     a total of $11,807.26 in disgorgement and prejudgment interest; however,
     payment of such amount was waived, and no civil penalty imposed, based upon
     his demonstrated inability to pay.  Lombardo consented to pay a total of
     $2,565.03 in disgorgement and prejudgment interest.

          Final consent judgments previously were entered against Defendants
     Robert J. Young ("Young") and William Douglas Morgan ("Morgan").  Young and
     Morgan, without admitting or denying the allegations of the Complaint, each
     consented to the entry of a final judgment permanently enjoining them from
     future violations of Section 10(b) of the Exchange Act and Rule 10b-5. 
     Young agreed to pay a total of $50,533.00 in disgorgement and prejudgment
     interest; however, payment of such amount was waived, and no civil penalty
     imposed, based upon his demonstrated inability to pay.  Morgan agreed to
     pay a total of $137,997.13 in disgorgement, prejudgment interest and civil
     penalties.

          For additional information, see Litigation Release Nos. 14661
     (September 29, 1995) and 14740 (November 28, 1995).

















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