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Salix Pharmaceuticals, Ltd. (SLXP) Announces Approval of Merger With InKine Pharmaceutical Company, Inc. (INKP)


10/19/2005 5:13:08 PM

RALEIGH, N.C.--(BUSINESS WIRE)--Sept. 30, 2005--Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) and InKine Pharmaceutical Company, Inc. (NASDAQ:INKP) announced that earlier today the stockholders of both companies approved the merger of the two companies, creating the largest US specialty pharmaceutical company focused exclusively on gastroenterology. Subject to a certificate of merger being filed with the New York Department of State and other standard closing conditions, the merger is expected to be effective later today.

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