Warnex has entered into a binding agreement with a private, undisclosed company to sell its wholly-owned Analytical Services division. The unit provides a variety of quality control services, including chemistry, chromatography, microbiology, method development and validation, and stability studies. Warnex will receive $400,000 in cash, a cash payment equal to the working capital of the division — approximately $700,000 — on the Closing Date, a 15% passive equity interest in the pur...