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Sealite Sciences Inc

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BUSINESS
November 22, 1995
ICN Pharmaceuticals Inc. said Tuesday it has agreed to acquire 40% of SeaLite Sciences Inc., a Georgia-based privately held company that develops high-technology diagnostic tests and research products used to detect hormone abnormalities and other diseases. Under the agreement, ICN will produce and distribute SeaLite's products and will place two directors on SeaLite's five-member board. ICN will also have the option to purchase the remaining 60% of SeaLite at a future date.
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BUSINESS
November 22, 1995
ICN Pharmaceuticals Inc. said Tuesday it has agreed to acquire 40% of SeaLite Sciences Inc., a Georgia-based privately held company that develops high-technology diagnostic tests and research products used to detect hormone abnormalities and other diseases. Under the agreement, ICN will produce and distribute SeaLite's products and will place two directors on SeaLite's five-member board. ICN will also have the option to purchase the remaining 60% of SeaLite at a future date.
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