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TFS Completes US Pharma Acquisition

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Perth-based Indian sandalwood company TFS Corporation has completed its purchase of US-based pharmaceutical companies Viroxis Corporation and Santalis Pharmaceuticals. TFS bought the companies for a combined cost of $US1.5 million ($2.06 million) in cash and $US21.9 million ($30.02 million) in shares at an issue price of $1.85 a share, which is about 20 per cent higher than this morning’s market […]Read More TFS Completes US Pharma Acquisition