Article: SR PHARMA PLC - Acquisition(s).

SR PHARMA TO ACQUIRE ATUGEN 
 
Proposed acquisition and temporary suspension 
 
21 June 2005 - London - SR Pharma plc ("SR Pharma" or "the Company") is pleased 
to announce that it has entered into a conditional agreement to acquire Atugen 
AG ("Atugen"), a biotechnology company based in Berlin, Germany. 
 
By virtue of its size, the transaction constitutes a reverse take-over under 
the AIM Rules and as such requires the approval of SR Pharma shareholders. The 
Company expects to post a circular to shareholders later this week containing 
full details of the transaction and convening an extraordinary general meeting 
of the Company to approve the acquisition. The Company has ...

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