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Firm has licensed its Verexamil constant-release formulation of verapamil to "a subsidiary of a major European pharmaceutical group with 1984 sales of $1.2 bii." Verex said the agreement "includes an up-front licensing fee of $85,000 payable to Verex upon signing of the contract." Verex will also receive a worldwide license for the European company's currentiy marketed immediate-release verapamil formulations. . . .
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