Cash-Rich NicOx Surges on $31M Altacor Acquisition Deal
By Cormac Sheridan
Thursday, March 22, 2012
Shares in NicOx SA surged almost 35 percent Wednesday on news that the company had taken its first concrete step toward becoming a late-stage development and commercial player in opthalmology by entering a cash-and-shares acquisition agreement with Altacor Ltd. that could be worth as much as £19.5 million (US$30.9 million).
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