SENETEK PLC TO ACQUIRE ASSETS OF CARME, INC. FOR ABOUT $4 MILLION

PR Newswire | August 2, 1995 | Copyright

ST. LOUIS, Aug. 2 /PRNewswire/ -- Senetek PLC (Nasdaq: SNTKY) today announced the financing with an international investor group to acquire the assets of Carme, Inc. for approximately $4.6 million. Senetek PLC will be a minority investor in the new venture. Carme, Inc. is a wholly owned subsidiary of International Research and Development Corporation (IRDC). The investor group includes companies involved in the distribution of VivaKin products in Asia and Europe. The new company, Carme International, Inc. (CII) will operate as an independent company. Carme, Inc., located in ...

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