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Article: ATPI signs asset purchase agreement with Pharmacia LEO. (Advanced Tobacco Products Inc.)

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PR Newswire
Article date:
June 9, 1987
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ATPI SIGNS ASSET PURCHASE AGREEMENT WITH PHARMACIA LEO

SAN ANTONIO, Texas, June 9 /PRNewswire/ -- Advanced Tobacco Products, Inc. (NASDAQ: ATPI), a San Antonio-based manufacturer of Favor(TM) "Smoke-Free Cigarettes," today announced the signing of an Asset Purchase Agreement with Pharmacia LEO, Inc., a United States affiliate of Pharmacia AB, (NASDAQ: PHABY), a Swedish-based pharmaceutical and biotechnology company.

In 1986, Pharmacia AB acquired A.B. LEO, a Swedish-based pharmaceutical company and the manufacturer of Nicorette(TM), a nicotine chewing gum used in smoking cessation. As previously announced, ATPI closed the sale of its European ...

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