ARTICLE | Company News

United Therapeutics, Cooke Pharma Inc., Medicomp Inc., Telemedical Procedures LLC. deal

January 2, 2001 8:00 AM UTC

UTHR's Unither Pharmaceuticals Inc. subsidiary (Silver Spring, Md.) will acquire Cooke for 300,000 UTHR shares, valued at $4.7 million based on UTHR's close of $15.68 on Dec. 15. Unither also will pay a single-digit cash royalty of up to $49 million to Cooke on sales of products, including Cooke's HeartBar arginine-based medical food for angina. ...