Home » CIPHER PHARMACEUTICALS SELLS PHARMA MEDICA RESEARCH TO MANAGERS FOR $19 MILLION
CIPHER PHARMACEUTICALS SELLS PHARMA MEDICA RESEARCH TO MANAGERS FOR $19 MILLION
Cipher Pharmaceuticals will sell its Pharma Medica Research division to the current management team of Pharma Medica for $19.1 million, the company said. Under the deal, the group will purchase the pharmaceutical research services business for a cash payment of $14 million on closing, $4 million payable over five years and a special dividend of $1.1 million before closing.
Yahoo News (http://news.yahoo.com/news?tmpl=story&u=/cpress/20050121/ca_pr_on_tc/cipher_pharmaceuticals_1)
KEYWORDS FDAnews Drug Daily Bulletin
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