Article: YM Gaining Subsidiary Via Eximias Acquisition.

Staff Writer

Canadian firm YM BioSciences Inc. agreed to purchase Eximias Pharmaceutical Corp. in a cash and stock transaction to establish a U.S.-based subsidiary.

Full financial terms were not disclosed, but YM said that at least $25 million of the merger consideration would consist of company shares. In exchange, YM gains Eximias' cash resources of more than $30 million and a portfolio of two clinical-stage cancer drugs.

"It's a good combination of management team, cash and oncology assets," said Gail Schulze, president and CEO of privately held Eximias, adding that more details, including development priorities for the combined company's ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!