Applied Bioscience International Inc. has acquired PharmacoDynamics Research Inc. for 2.9 million shares of APBI commonstock. The transfer of APBI stock is likely to take place afterthe end of this year, according to Marvin Hendrix, APBIcontroller. The stock (NASDAQ:APBI) closed Monday at $33.25,down 50 cents.
APBI of East Millstone, N.J., provides biological safety testing,clinical and agrochemical research and development, andenvironmental risk assessment. Pharmaco is a privately heldcompany based in Austin, Texas, that provides contractclinical research, analytical chemistry and related services.
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