Update on BioChem Pharma / Shire Pharmaceutical Merger
"In respect to the proposed merger with BioChem Pharma Inc., although the current review period with Industry Canada expires on 27 April 2001, Shire requested an extension on 25 April 2001.
Discussions with Industry Canada are ongoing and Shire remains firmly committed to obtaining the Canadian Minister of Industry's approval for the proposed merger with BioChem Pharma Inc."
BioChem remains fully supportive of the transaction and committed to use all efforts to assist Shire in obtaining the approval of the Minister of Industry.
On December 10, 2000, BioChem entered into an agreement to merge with Shire to form a leading global specialty pharmaceutical company. More details on this proposed merger and other aspects of the company are available on the BioChem website.
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