BICO INC/PA
8-K, 2000-10-23
ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS
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             SECURITIES AND EXCHANGE COMMISSION

                   Washington, D.C.  20549

                          FORM 8-K

                       CURRENT REPORT

           Pursuant to Section 13 or 15(d) of the
               Securities Exchange Act of 1934

                     ___________________



    Date of Report (Date of earliest event reported) October19, 2000
                        BICO, INC.
   (Exact name of registrant as specified in its charter)


Pennsylvania                      0-10822                 25-1229323
(State of other jurisdiction   (Commission File Number)   (IRS Employer
of incorporation)                                       Identification No.)


       2275 Swallow Hill Road, Bldg. 2500, Pittsburgh, Pennsylvania 15220
        (Address of principal executive offices)               (Zip Code)


       Registrant's telephone number, including area code (412) 429-0673




     _________________________________________________________
               (Former name or former address,
                if changes since last report.)









Item 1.   Change in Control of Registrant.
          Not applicable.

Item 2.   Acquisition or Disposition of Assets.
          Not applicable.

Item 3.   Bankruptcy or Receivership.
          Not applicable.

Item 4.   Changes in Registrant's Certifying Accountant
          Not applicable.

Item 5.   Other Events.
          BICO, Incorporated announced today in response to
          the recent drop in its stock value that nothing
          material to the Company has occurred to cause such
          a decline and that the Company is in a solid
          financial position with all projects proceeding
          very well.

Item 6.   Resignation of Registrant's Directors.
          Not Applicable

Item 7.   Financial Statement, Pro Forma Financial Information and Exhibits.

          (a)  Financial Statements and Businesses Acquired - Not Applicable.
          (b)  Pro Forma Financial Information - Not Applicable.
          (c)  Exhibits - Press Release.

                         SIGNATURES

      Pursuant to the requirement of the Securities Exchange Act  of 1934,
 the Registrant has duly caused this Report to be signed on its behalf by
 the undersigned hereunto duly authorized.

                                   BICO, INC.

                                   by  /s/   Fred E. Cooper
                                             Fred E. Cooper, CEO
DATED:  October 19, 2000





       BICO REPORTS NO MATERIAL REASON FOR STOCK DROP


     Pittsburgh,  PA - October 19, 2000 - BICO, Incorporated
(OTCBB:BIKO) announced today in response to the recent  drop
in  its stock value that nothing material to the Company has
occurred to cause such a decline and that the Company is  in
a solid financial position with all projects proceeding very
well.
     Subsidiary Petrol Rem, Inc. will very soon begin  sales
of  its oil spill bioremediation product, PRPr, through  its
planned   purchase  of  INTCO,  Inc.  located  in  Southeast
Louisiana,   and  other  target  acquisitions   of   revenue
producing  environmental solutions companies are progressing
well  with closure of two acquisitions anticipated within  a
few weeks.
     ViaCirQ,  Inc.,  BICO's subsidiary that  is  a  leading
developer  of  extracorporeal hyperthermia medical  devices,
has  begun  to  realize revenue and is in negotiations  with
several  other top hospitals and clinics for orders  of  its
ThermoChem-HT  SystemT and disposable  ThermoChem-HT  System
packs, which are used by physicians as adjunctive therapy in
the  treatment  of   patients with advanced  cancer  of  the
abdomen.
     BICO, Inc. has its corporate offices in Pittsburgh,  PA
and  is  involved  in  the development  and  manufacture  of
biomedical devices and environmental products.





FOR FURTHER INFORMATION, CONTACT:
Investors                                  Media
Diane McQuaide                             Susan Taylor
1.412.429.0673 phone                       1.412.429.0673 phone
1.412.279.9690 fax                         1.412.279.5041 fax

               INVESTOR RELATIONS NEWSLINE NUMBER: 1.800.357.6204
                          WEBSITE:www.bico.com



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