DRUGMAX SIGNS LETTER OF INTENT TO ACQUIRE A LEADING LOUISIANA INDEPENDENT SPECIALTY PHARMACY COMPANY

DrugMax, Inc. today announced that it has signed a non-binding letter of intent to acquire the stock of Carmichael Cashway Pharmacy Inc., operator of 3 pharmacies known as Carmichael Pharmacy-Infusion Therapy & Medical Equipment (the "Carmichael Pharmacy Group"). The Carmichael Pharmacy Group provides specialty pharmacy, institutional pharmacy services, respiratory and related medical equipment, including products and therapies requiring infusion compounding, to patients and physicians.
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