<PAGE>
PROSPECTUS SUPPLEMENT Filed pursuant to
To Prospectus Dated January 14, 1998, Rule 424(b)(3)
As Supplemented to Date Registration No. 333-38995
5,204,305 Shares
INNOVATIVE CLINICAL SOLUTIONS, LTD.
COMMON STOCK
------------
This Prospectus Supplement relates to the resale by certain stockholders
of shares of Innovative Clinical Solutions, Ltd. Common Stock under the
Registration Statement on Form S-3 (SEC File No. 333-38995). The Prospectus
that is a part of the Registration Statement was originally filed with the
Securities and Exchange Commission on January 15, 1998. You should read this
Supplement with the Prospectus, as supplemented to date, which is being
delivered with this Supplement.
On June 28, 1999, PhyMatrix Corp. changed its name to Innovative
Clinical Solutions, Ltd.
The date of this Prospectus Supplement is September 28, 1999.
