Cosmo Pharma plans to move management seat to Ireland

16 October 2014

Recently jilted Italian drugmaker Cosmo Pharmaceuticals (SIX: COPN) says that its board of directors has resolved to call an extraordinary shareholders meeting in order to propose a change of registered office and seat of management of the company.

Earlier this month, USA-based Salix Pharmaceuticals (Nasdaq: SLXP) pulled out of an agreed $2.7 billion merger with Cosmo, under the terms of which Salix made an immediate $25 million payment to Cosmo (The Pharma Letter October 3).

Registered office to move to Luxembourg

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