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Nabi to sell Aloprim injection product to Bioniche Teoranta

Thu Apr 19, 2007 4:49pm EDT

Stocks

   

April 19 (Reuters) - Nabi Biopharmaceuticals (NABI.O) said it agreed to sell its Aloprim for injection product for cancer patients to Ireland-based Bioniche Teoranta for $3.7 million as part of its strategic plan.

Mergers & Acquisitions

As part of the deal, Nabi will receive $1.3 million at closing, $1.4 million at the end of 2007 and $1.0 million at the end of 2008. (Reporting by Jennifer Robin Raj in Bangalore)



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