Vicuron Pharmaceuticals - Announces Expiration of Hart-Scott-Rodino Act Waiting Period and Expected Closing Date for Acquisition
September 11 2005 - 1:00PM
PR Newswire (US)
KING OF PRUSSIA, Pa., Sept. 11 /PRNewswire-FirstCall/ -- Vicuron
Pharmaceuticals Inc. (Nasdaq: MICU; Nuovo Mercato) announces that
the waiting period under the Hart-Scott-Rodino Antitrust
Improvements Act of 1976, applicable to its previously announced
merger with a wholly-owned subsidiary of Pfizer Inc., has expired.
Vicuron expects that the merger will close on September 14, 2005,
subject to completion at the closing of customary conditions to
closing. 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 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 Web
site: http://www.vicuron.com/
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