ProCyte says it won't be rushed

ProCyte Corp. is in no hurry to meet the Dec. 15 deadline set in an unsolicited merger transaction proposed by Scherer Healthcare Inc. and Derma Sciences Inc.

"We're under no obligation to respond to their timeframe," PRCY's Vice President of Administration Karen Hedine told BioCentury. "We've had no opportunity to evaluate the financial, legal or business implications of the deal and what it would mean to our shareholders. Our board will take the time required to evaluate this proposal."...