Home » FORBES MEDI-TECH ANNOUNCES COMPLETION OF PHYTO-SOURCE SALE AND RECEIPT OF FUNDS
FORBES MEDI-TECH ANNOUNCES COMPLETION OF PHYTO-SOURCE SALE AND RECEIPT OF FUNDS
Forbes Medi-Tech Inc. today announced the completion of the sale of its interest in Phyto-Source, the Company's 50-50 sterol manufacturing joint venture, for US$25 million to Chusei Oil Co. Ltd., the Japanese parent company of the Company's former joint venture partner, Chusei (U.S.A.) Inc. Forbes has received the US$25 million under the agreement, announced February 23, 2006. Forbes has also received the remaining US$1 million of its original US$4 million loan to Phyto-Source.
Business Wire (http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060314005351&newsLang=en)
KEYWORDS Daily International Pharma Alert
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