- ACCESS Pharmaceuticals to acquire Tacora Co

5 May 1996

- ACCESS Pharmaceuticals has signed a letter of intent to acquire Tacora Corp, a privately-held company based in Seattle, USA, which is working on developing bioresponsive smart polymers seeking to mimic the body's own approaches for the regulated delivery of drugs. Under the terms of the agreement, the purchase price is contingent upon the achievement of certain technology milestones. Stock up to a maximum of $14 million could be payable over a 30-month period.

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