Spencer Pharmaceutical Hires Strategema Capital to Advise on All-Cash Buyout Offer

BOSTON, MA--(Marketwire - November 10, 2010) -

Spencer Pharmaceutical Inc. (PINKSHEETS: SPPH) announced today that it has hired the services of Strategema Capital of Geneva, Switzerland to advise on the recently announced unsolicited all-cash offer.

According to the company, Strategema Capital is a boutique financial consultancy and research company who will assist the company with the buyout offer.

“The experienced staff at Strategema will provide us the necessary assistance in dealing with this all-cash buyout offer,” said Dr. Max Arella, President of Spencer Pharmaceutical Inc. “Both the size of this transaction and the complexity requires a group like Strategema to help us get this transaction to a successful completion in a short timeframe,” further added Dr. Arella.

About Spencer Pharmaceutical Inc.
Spencer Pharmaceutical Inc. is a US-based Pharmaceutical Research and Development Corporation, which is developing innovative drug release and absorption systems for the treatment of metabolic diseases such as diabetes and metabolic syndrome.

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