A.P. Pharma, Inc.
   123 Saginaw Drive
   Redwood City , CA 94063
   Phone: (650) 366-2626

www.appharma.com/

Symbol: APPA
Exchange: Nasdaq

Equity Data: (as of 10/31/2003)
Shares Outstanding:
   20.6M

Recent Trading Price:
   $ 2.29  (12/05/2003)

J.M. Dutton Analyst:
   Stephen L. Handley

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