Source: LDmicro

Press Release: Apicore : Medicure Exercises Option to Acquire Additional Interests in Apicore

Medicure Inc. ("Medicure" or the "Company") (TSXV:MPH, OTC:MCUJF), a leading Canadian specialty pharmaceutical company, is pleased to announce that it and its wholly owned Mauritius subsidiary have exercised their option (the "Option") to acquire additional interests in Apicore Inc. and Apicore LLC (together "Apicore") from Apicore's founding shareholders. The Option exercise allows for the acquisition of all of the shares of Apicore Inc. and Apicore LLC held by the founding shareholders (representing approximately 32% of the fully diluted ownership of Apicore) for US$24.5 million, being the price provided for under the Option. This acquisition brings Medicure's ownership in Apicore Inc. to approximately 98% (94% on a fully diluted basis). Medicure expects to close the acquisition by July 14, 2017.

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Est. Annual Revenue
$25-100M
Est. Employees
100-250
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President

Ravishanker Kovi

CEO Approval Rating

68/100

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