THERAPEUTIC ANTIBODIES INC /DE
4, 1998-12-10
MEDICAL LABORATORIES
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FORM 4                                                     OMB APPROVAL        
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                                                    OMB Number:  3235-0287 
                                                    Expires:  September 30, 1998
                                                    Estimated average burden
                                                    hours per response.......0.5
                                                    ----------------------------

                                 U.S. SECURITIES AND EXCHANGE COMMISSION
                                          WASHINGTON, DC 20549
                                       
                               STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
[X] CHECK BOX IF NO                                                     
    LONGER SUBJECT TO         Filed pursuant to Section 16(a) of the Securities 
    SECTION 16. FORM 4            Exchange Act of 1934, Section 17(a) of the 
    OR FORM 5 OBLIGATIONS         Public Utility Holding Company Act of 1935
    MAY CONTINUE. SEE              or Section 30(f) of the Investment Company
    INSTRUCTION 1(b).                           Act of 1940               

<TABLE> 
<S>                             <C>            <C>                        <C>                <C>          <C>            <C>   
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 1. Name and Address of Reporting Person*      2. Issuer Name and Ticker or Trading Symbol   6. Relationship of Reporting Persons to
    Kazimi         A.J.                           Therapeutic Antibodies Inc. - Tab-LS           Issuer (Check all applicable)
- ---------------------------------------------  ----------------------------------------------       Director         10% Owner
  (Last)          (First)          (Middle)    3. IRS Identification      4. Statement for      ----              ---
   1207 17th Avenue South, Suite 103              Number of Reporting        Month/Year             Officer (give  X Other (Specify
- ---------------------------------------------     Person, if an Entity         11/98            ----        title ---       below)
                 (Street)                         (Voluntary)             ------------------                below)
  Nashville           TN             37212                                5. If Amendment,       Former Director President and 
- ---------------------------------------------                                Date of Original      Chief Operating Officer
  (City)           (State)           (Zip)                                   (Month/Year)     --------------------------------------
                                                                                             7. Individual or Joint/Group Filing
                                                                          ------------------    (Check applicable line)
                                                                                                      Form filed by one 
                                                                                                ----  Reporting Person
                                                                                                      Form filed by more than
                                                                                                ----  one Reporting Person
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                         TABLE 1 -- NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
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 1. Title of Security           2. Trans-   3. Transac-  4. Securities Acquired (A)  5.  Amount of Se-    6. Owner-      7. Nature  
    (Instr. 3)                     action      tion         or Disposed of (D)           curities Benefi-    ship           of In-  
                                   Date        Code         (Instr. 3, 4 and 5)          cially Owned at     Form:          direct  
                                               (Instr. 8)                                End of Month        Direct         Benefi-
                                  (Month/                                                (Instr. 3 and 4)    (D) or         cial
                                   Day/     ---------------------------------------                          Indirect       Owner- 
                                   Year)    Code    V       Amount   (A) or   Price                          (I)            ship   
                                                                     (D)                                     (Instr. 4)     (Instr.
                                                                                                                            4)     

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*If the Form is filed by more than one Reporting Person, see Instruction 4(b)(v).
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.                   (Over)

Potential persons who are to respond to the collection of information contained in this form are not requried to respond unless the
form displays a currently valid OMB control number.
                                                      (Print or Type Response)                      
 
</TABLE>
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<TABLE>
<CAPTION>
                                                                                                                                
 
FORM 4 (CONTINUED)        TABLE II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
                                  (E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)

<S>                       <C>          <C>        <C>         <C>              <C>             <C>                   <C>          
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1. Title of Derivative    2. Conver-   3. Trans-  4. Trans-   5. Number of     6. Date Exer-   7. Title and Amount   8. Price     
   Security                  sion or      action     action      Derivative       cisable and     of Underlying         of        
   (Instr. 3)                Exercise     Date       Code        Securities       Expiration      Securities            Deriv-    
                             Price of     (Month/    (Instr.     Acquired (A)     Date            (Instr. 3 and 4)      ative     
                             Deriv-       Day/       8)          or Disposed      (Month/Day/                           Secur-    
                             ative        Year)                  of (D)           Year)                                 ity       
                             Security                            (Instr. 3,                                             (Instr. 5)
                                                                 4, and 5)     -----------------------------------             
                                                                               Date    Expira-            Amount or            
                                                  ---------------------------- Exer-   tion       Title   Number of            
                                                    Code  V     (A)     (D)    cisable Date               Shares               
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   Stock Options              $1.23      9/1/98      A    V   Options to       9/1/98  8/31/08  Common    95,000
                                                              purchase                          Stock     shares
                                                              95,000 shares
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<CAPTION>
<S>                          <C>                    <C>                         <C>                              
1. Title of Derivative       9. Number of           10. Ownership               11. Nature of                              
   Security                     Derivative              Form of                     Indirect                     
   (Instr. 3)                   Securities              Derivative                  Beneficial                   
                                Beneficially            Security:                   Ownership                    
                                Owned at End            Direct (D)                  (Instr. 4)                   
                                of Month                or Indirect (I)                                          
                                (Instr. 4)              (Instr. 4)                                               
                                                                                 
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                                Options to
                                Purchase
                                210,000 shares
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Explanation of Responses:
 
**Intentional misstatements or omissions of facts constitute Federal Criminal Violations.     /s/ A.J. Kazimi                12/8/98
  See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).                                                  ------------------------------- -------
                                                                                             **Signature of Reporting Person   Date
                                         

Note. File three copies of this form, one of which must be manually signed.                                               Page 2   
  If space provided is insufficient, see Instruction 6 for procedure.                                                    

Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB Number.
</TABLE>                                                                      



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