Hospira to fund Javelin with $2 million loan, pending outcome of merger deal; signs deal with Durect
Javelin Pharmaceuticals, which last week initiated legal action to enforce a merger and loan agreement with fellow USA-based Hospira (The Pharma Letter June 4), yesterday received notice from Hospira that it will fund a $2 million loan to Javelin on June 10, 2010, under the existing loan agreement between the firms.
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