Pharmos Corp., a Woodbridge, N.J., developer of drugs that offer marijuana-like analgesic relief, has averted a painful proxy battle and litigation that could have unseated its CEO and founder.
After having met some demands from its largest single shareholder, Lloyd Miller III, and giving him a seat on the board, Pharmos is going ahead with a $29.7 million acquisition of privately held Vela Pharmaceuticals Inc. of Ewing, N.J.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Not a Bloomberg Law Subscriber?
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]