Rochester, NY 7/13/2009 5:49:25 PM
Stock Exchange News - CRXX - CRXX Join with Canada’s Neuromed Pharmaceuticals Ltd - Sourced WhisperFromWallStreet.com
CombinatoRx, Incorporated
COMPANY - CombinatoRx, Incorporated,CRXX
NEWS - Drug developer CombinatoRx Inc. said Wednesday it has agreed to merge with Canada’s Neuromed Pharmaceuticals Ltd.Under the terms of the agreement, Cambridge, Mass.-based CombinatoRx will issue shares of common stock to Neuromed stockholders so that, post merger, each companies’ shareholders will have 50 percent of the voting power in the combined company.
ABOUT - CombinatoRx, Incorporated, a biopharmaceutical company, focuses on discovering, developing, and outlicensing synergistic combination pharmaceuticals. It develops novel therapeutics with multi-target mechanisms of action that are built from combinations of drugs that utilize novel biology to treat various conditions, including immuno-inflammatory diseases, cancer, metabolic diseases, inherited diseases, and other diseases.
After Hours: 0.00 N/A (N/A) 8:00PM ET
Last Trade: 0.7599
Day's Range: N/A - N/A
52wk Range: 0.25 - 6.99
Volume: 0
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