ProMetic Life Sciences Inc. (OTC: PFSCF) announced today that it has entered into an agreement for the acquisition of Emergent BioSolutions' (NYSE: EBS) plasma collection center located in Winnipeg, Canada. The transaction is subject to customary closing conditions.
Magnum Hunter Resources (NASDAQ: MHR) has announced an agreement to sell non-core, undeveloped Utica shale acreage in West Virginia for $40.8 million. The sale of approximately 5,210 unproven acres is expected to close on May 28.
Boehringer Ingelheim and pharmaceutical company Pharmaxis (OTC: PMXSF) announce that Boehringer Ingelheim has exercised its option and acquired the investigational drug PXS4728A, to develop it for the treatment of the liver-related condition NASH and to prevent its consequences.
On May 13, the Wall Street Journal reported that General Electric Company (NYSE: GE) is looking for a buyer for its estimated $5 billion commercial lending arm in Japan, the latest in a series of moves to refocus operations back on core industrial manufacturing businesses.