Pharmaceutical company closes on acquisition of Kali Labs.

Obesity, Fitness & Wellness Week | July 17, 2004 | Copyright

2004 JUL 17 - (NewsRx.com & NewsRx.net) -- Par Pharmaceutical Companies, Inc., (PRX) has completed the closing of its acquisition of Kali Laboratories, Inc., for $135 million in cash and warrants.

The Kali owners may be entitled to up to an additional $10 million based upon certain product related performance criteria.

Kali is a generic pharmaceutical research and development (R&D) company located in Somerset, New Jersey. On April 13, 2004, Par announced a definitive agreement to acquire Kali.

With 55 employees in Kali's R&D group, the acquisition ...

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