Samaritan Pharma to buy Metastatin
Samaritan Pharmaceuticals, a Las Vegas, USA-based small capital biotechnology firm, says it has entered into a definitive deal to acquire all the stock of privately-held Metastatin Pharmaceuticals, based in Bethesda, Maryland. The aggregate purchase price for Metastatin will be 500,000 restricted shares of Samaritan stock and the buy marks a further expansion of the firm into cancer research. A day ahead of this announcement, November 13, Samaritan received an American Stock Exchange non-compliance notice, which caused it stock to dip 7% to $0.28.
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