We consider the fourth order nonlinear degenerate parabolic equation u
(t) + (u(n)u(xxx))(x) = 0 which arises in lubrication models for thin
viscous films and spreading droplets as well as in the flow of a thin
neck of fluid in a Hele-Shaw cell. Fourth order parabolic equations wi
th a similar type of degeneracy and/or additional fouler order terms a
rise in the theory of phase separation, for binary alloys (Cahn-Hillia
rd equation with degenerate mobility), in some plasticity models and i
n the study of spatial pattern formation in biological systems. This a
uthor has recently proved that if 0 < n < 2 the above equation has fin
ite speed of propagation for nonnegative strong solutions and hence th
ere exists an interface or free boundary separating the regions where
u > 0 and u = 0. Furthermore, the interface is Holder continuous if 1/
2 < n < 2 and right-continuous if 0 < n less than or equal to 1/2. Fin
ally we consider the Cauchy problem and present the recent results on
optimal asymptotic rates as t --> infinity for the solution and for th
e interface when 0 < n < 2; these rates exactly match those of the sou
rce-type (fundamental) solutions.