ProPhase Labs, Inc. Completes Sale of Cold-EEZE(R) Business to Mylan
ProPhase Labs, Inc. (PRPH)
US:NASDAQ Investor Relations:
prophaselabs.com/investors/annual-reports
Company Research
Source: Marketwire
DOYLESTOWN, PA -- (Marketwired) -- 03/29/17 -- ProPhase Labs, Inc. (NASDAQ: PRPH) (www.ProPhaseLabs.com), a diversified natural health medical science company (the "Company"), announced today that it has completed the sale of its Cold-EEZE® business to a wholly-owned subsidiary of Mylan N.V. ("Mylan") for $50 million before taking into account taxes, transaction costs and related deal expenses, restructuring costs and post-closing escrow requirements. The proposed sale, which was announced on January 9, 2017, was approved by the Company's stockholders at a special meeting on March 29, 2017, and closed effective March 29, 2017, following the special meeting. Under the terms of the asset purchase agreement, Mylan purchased substantially all of the Company's assets and other rights relating to the Cold-EEZE® cold remedy brand. The Company is retaining ownership of its manufacturing facility and manufacturing business in Lebanon, Pennsylvania, and its headquarters in Doylestown
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PRPH
Earnings
- 11/9/23 - Miss
PRPH
Analyst Actions
- 2/21/24 - HC Wainwright
PRPH
Sec Filings
- 4/18/24 - Form 8-K
- 3/29/24 - Form 10-K
- 3/21/24 - Form 4/A
- PRPH's page on the SEC website