Partnership Reduces Interest in Nu-Med

HPB Associates, a New York investment partnership controlled by Howard P. Berkowitz, said it reduced its interest in Nu-Med Inc., an Encino health care concern, from 9.7% to 8.1%, or 732,300 shares, according to a filing with the Securities and Exchange Commission. The partnership sold the shares between April 12 and June 7 for prices ranging from $2.87 to $4.01 each.