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PAMM |
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Diasio, Chairman, Department of Pharmacology and Toxicology at the University of Alabama School of Medicine in Birmingham, Alabama and Associate Director for Basic Sciences, UAB Comprehensive Cancer Center, presented data in Edinburgh, Scotland at the January 19th PAMM (Pharmacology and Molecular Mechanisms) Meeting of the European Organization for Research and Treatment of Cancer (EORTC), which supports Adherex's development plans for eniluracil. As previously announced, the initial $6 per share price to be paid in cash to stockholders of PAMM upon closing will not be reduced unless the proceeds from a sale of the interest-only strip receivable held by PAMM are less than approximately 50% of the current book value of the receivable. As previously announced on October 5, 1998, the $6 per share initial payment of the maximum $10 price per share to be paid by Fremont for the acquisition of PAMM is subject to reduction by the amount, if any, by which the proceeds from a sale of the interest-only strip receivable held by PAMM are less than a mutually agreed upon amount. |
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