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Article: Nutra Pharma Corp. to Acquire Major Stake in Receptopharm, Inc., Names New Board Members.
- Article from:
- Business Wire
- Article date:
- December 15, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors/Health/Medical Writers
BEVERLY HILLS, Calif.--(BUSINESS WIRE)--Dec. 15, 2003
Receptopharm's Scientific Team and Patent Portfolio a Valuable Asset
as Nutra Pharma Transitions to Later Stage Clinical Trials and
Pursues Approval for Its Drug Acquisitions
Nutra Pharma Corp. (OTCBB:NPHC) announced today that it has signed a definitive agreement, subject to the approval of Receptopharm's Board of Directors, to acquire 50 percent of the capital stock of Receptopharm, Inc., a privately held company based in Fort Lauderdale, Florida. The agreement calls for a cash infusion of $2 million. The funds will be used to ...