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In Brief: Oakmont/Hygenics merger falls through

This article was originally published in The Tan Sheet

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Executive Summary

Oakmont/Hygenics merger falls through: Oakmont Pharmaceuticals pulls out of its proposed merger agreement with Hygenics Pharmaceuticals, Hygenics announces March 14. Chairman and CEO John Budd notes that "Oakmont was one of many merger possibilities that exist for us." Oakmont was planning to use the proceeds from its share of the sale of Hygenics stock to finance its purchase of the Pennex Labs facility and equipment from Rexall Sundown...

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