News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Update Pharma and Resolute Oncology Sign Binding Term Sheet to Merge


9/9/2013 9:57:37 AM

free biotech news Get the latest biotech news where you want it. Sign up for the free GenePool newsletter today!

RENO, Nev.--(BUSINESS WIRE)--Update Pharma Inc. has announced today it has entered into a binding term sheet for a merger with Resolute Oncology, Inc. (REON). Under the agreed upon terms, Update will merge with REON and will own 70% of the surviving entity. Update will appoint 3 board members and REON will appoint two. Following the completion of diligence, and the resolution of certain conditions specified as terms, a definitive agreement between the parties will consummate the merger.

Help employers find you! Check out all the jobs and post your resume.

Read at BioSpace.com


comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES