North American Vaccine Inc.

THE BALTIMORE SUN

This Beltsville-based company widened its losses during the quarter that ended June 30 but said comparisons with the second quarter of last year are misleading.

North American Vaccine made a $2 million gain in the second quarter of last year by selling 200,000 shares of an affiliate, BioChem Pharma Inc.

Without that gain, the company would have lost $1.9 million, or 10 cents a share, during the second quarter of 1991.

Three months ended 6/30/92

........Revenue...... Net...... ..... Share

'92...... 445,000.... (2,271,000)..... (0.08)

'91....... 76,000....... 86,000........ 0.00

% change... +485.6....... .... --........... --

Six months ended 6/30/92

........Revenue...... Net...... ...... Share

'92...... 920,000.... (4,317,000)...... (0.16)

'91...... 685,000..... (935,000)....... (0.05)

% change.... +34.3........... --............. --

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