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Salix Pharmaceuticals, Ltd. (SLXP) Completes Merger With InKine Pharmaceutical Company, Inc. (INKP)


10/19/2005 5:13:17 PM

RALEIGH, N.C.--(BUSINESS WIRE)--Oct. 3, 2005--Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) announced that the merger of Salix Pharmaceuticals, Ltd. and InKine Pharmaceutical Company, Inc. has been completed. InKine stockholders received approximately 9 million newly issued shares of Salix common stock for InKine shares owned based on an exchange ratio of 0.1737 of a share of Salix common stock for each share of InKine common stock.

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