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BioSante, ANI Pharma Amend Merger Agreement

BioSante subsidiary will merge into ANI

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By: Tim Wright

Editor-in-Chief, Contract Pharma

BioSante Pharmaceuticals, Inc. and ANI Pharmaceuticals, Inc. have entered into a new merger agreement under which a subsidiary of BioSante will merge into ANI. BioSante will issue to ANI stockholders shares of BioSante stock under which former ANI stockholders will own 57% of the combined company’s shares, and the former BioSante stockholders will own 43%.   Prior to the merger, BioSante will distribute contingent value rights (CVRs) providing payment rights from future sales, transfer, license ...

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