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Stock Market & Financial Investment News

News Breaks
May 6, 2014
07:32 EDTALQAAlliqua acquires Choice Therapeutics for about $4M in stock, cash
Alliqua has acquired Choice Therapeutics, a privately held wound care company with proprietary technologies and products, for approximately $4m in stock and cash. The merger agreement, which became effective May 5, provides for additional contingent payments of up to $5M in stock or cash, under certain circumstances, if stated revenue thresholds are reached over the next three years ending April 30, 2017. The acquisition is expected to be accretive to Alliqua's earnings during the next 12 months. As part of the agreement, Alliqua has acquired Choice Therapeutics' wound care portfolio, its technology platform and its sales and marketing team.
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