Allelix to merge with NPS Pharmaceuticals

Article Abstract:

NPS Pharmaceuticals Inc, based in Salt Lake City, UT, is merging with Mississauga, Canada-based Allelix Biopharmaceuticals Inc in a deal that was initially valued at $45.5 million but later decreased to $39 million. The deal is a very positive strategic move for Allelix as it combines scientific, market and financial strengths of both companies, according to Allelix Chairman John Evans, who may serve as vice-chairman of the merged entity.

Acquisitions & mergers, Pharmaceutical Preparation Manufacturing, Pharmaceutical Preparations, NPS Pharmaceuticals Inc.

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Canadian pharmacy opening U.S. drug centres

Article Abstract:

The American Drug Club will be launched with 360 service centers aimed at offering low-cost drugs to senior citizens in the U.S. The new pharmacy, which is a spinoff of Canadameds.com, represents a growing trend toward mail order drug firms.

Marketing procedures, Economic aspects, Marketing, Company marketing practices, American Drug Club

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U.S. drug boycott threat called 'ridiculous'

Article Abstract:

Canadian online pharmacies have made significant inroads into the U.S. drug market prompting threats to limit the trade. Some U.S. Congressional lawmakers have criticized low-priced drugs offered by Canadian online pharmacies.

Legal issues & crime, Government regulation (cont), On-Line Information Services, Government regulation, Videotex & Teletext, Telegraph & other communications, Foreign trade, Legal/Government Regulation, Laws, regulations and rules, Online services, Internet services, International trade, Cable television, United States. Congress, Cable television/data services

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