Vicuron Pharmaceuticals Stockholders Approve Merger With Pfizer
16 August 2005 - 7:30AM
PR Newswire (US)
KING OF PRUSSIA, Penn., Aug. 15 /PRNewswire-FirstCall/ -- Vicuron
Pharmaceuticals (Nasdaq: MICU; Nuovo Mercato) announced that its
stockholders have voted to approve the merger agreement pursuant to
which Vicuron is being acquired by Pfizer. The closing of the
transaction is expected to occur in the third quarter, subject to
satisfaction of customary closing conditions, including the
regulatory approvals. Vicuron Pharmaceuticals Vicuron
Pharmaceuticals is a biopharmaceutical company focused on
discovering, developing, manufacturing and commercializing vital
medicine for seriously ill patients. The company has two New Drug
Applications submitted to the U.S. Food and Drug Administration for
its two lead products, dalbavancin, a novel intravenous antibiotic
for the treatment of serious Gram- positive infections, and
anidulafungin, a novel antifungal agent. Vicuron applies a
disciplined, integrated approach to anti-infective discovery for
next- generation compounds in both hospital-based and
community-acquired infections. The company recently announced that
it was being acquired by Pfizer at a price of $29.10 per share in
cash, for an aggregate equity purchase price of approximately $1.9
billion. Completion of this transaction is subject to regulatory
approval, Vicuron shareholder's approval and other customary
closing conditions. Forward-Looking Statements This news release
contains a "forward-looking" statement relating to the completion
of the merger. This forward-looking statement is subject to risks
and uncertainties that could delay or prevent the completion of the
merger, including the satisfaction of the closing conditions set
forth in the Merger Agreement. Vicuron does not undertake any
obligation to update forward-looking statements. DATASOURCE:
Vicuron Pharmaceuticals, Inc. CONTACT: Dov A. Goldstein, M.D. of
Vicuron Pharmaceuticals, Inc., +1-610-205-2312, or ; or E. Blair
Schoeb of WeissComm Partners, +1-760-365-1857, or , for Vicuron
Pharmaceuticals, Inc. Web site: http://www.vicuron.com/
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